Do I still have a contract?
Get Legal Help Today
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
Do I still have a contract?
I was buying a home under article of agreement..I owed $7,200 on the home when I decided to sell it to a friend. The lady I bought the house from agreed to have them start payments on the $7,200 and signed title over to them. I, in turn, did an article of agreement with my friend for the $15,500 I put into the house. They gave me a down payment of $2,300 and I deferred payments for 6 months so they could get situated. Now they are telling me since I broke the contract with the lady they owe me nothing. If my contract with the lady didn’t state that I could bring a 3rd party in to fulfill my end. Is this legal and do they still owe me?
Asked on February 9, 2012 under Real Estate Law, Pennsylvania
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
From what you have written, you are owed the $15,500 placed into the house that you were making payments on to the prior owner where there was $7,200 owing.
The new owner owes you the $15,500 less the $2,300 and the new owner owes the prior owner the $7,200 that you owed before you sold. Whether you broke the agreement with the prior owner regarding the $7,200 is not germane to the amount owed you by the new owner.
I would write a demand letter to the new owner for the amount owed with payment by a certain time. If not paid, then you should consult with a real estate attorney.
IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.