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#32661 - 01/13/05 07:51 PM Misrepresentation of restrictions
Anonymous
Unregistered


My wife and I recently bought a house. I asked before buying the house if there were any restrictions on the property and was informed there were none. During closing, after signing all the papers, we were presented with a paper that stated restrictions on the property. What are my legal rights now. I feel we were misrepresented. The restriction is that we can't split the property and sell it when, in fact, the property was split when I bought it and the restriction was already on the property and the previous owner signed the restriction also. I made an generous offer to buy the whole piece of property and was turned down. What are my legal rights now. I don't want anyone to build this close to me.

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#32662 - 01/13/05 08:16 PM Re: Misrepresentation of restrictions
Paul Oaks Offline
Major Contributor

Registered: 06/23/04
Posts: 3370
Loc: Central Illinois
You need to contact a Real Estate Attorney ASAP to discuss your options.
_________________________
Paul Oaks
Oaks Real Estate Group

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#32663 - 01/13/05 08:52 PM Re: Misrepresentation of restrictions
Anonymous
Unregistered


Do you think I have a case in this matter?

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#32664 - 01/13/05 09:11 PM Re: Misrepresentation of restrictions
Jim Lee Offline
Major Contributor

Registered: 07/01/99
Posts: 4785
Loc: Knoxville, Tennessee, Knox Cou...
Who told you there was no restrictions on the property???

What is the restriction(s)???
_________________________
Jim Lee, REALTORŪ, CRS, ABR, e-PRO
[url=www.KnoxvilleHomeCenter.com]www.KnoxvilleHomeCenter.com[/url]
[url=www.KnoxvilleTennesseeRealEstateBlog.com]www.KnoxvilleTennesseeRealEstateBlog.com[/url]
I am not an attorney & I am not giving you any legal advice.

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#32665 - 01/14/05 05:52 AM Re: Misrepresentation of restrictions
Anonymous
Unregistered


The restriction is that I can't split the property and sell it. The restriction was on the property when the seller split the property and sold me a portion. I was not informed of the restriction until I had signed all the papers.

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#32666 - 01/14/05 06:07 AM Re: Misrepresentation of restrictions
Jim Lee Offline
Major Contributor

Registered: 07/01/99
Posts: 4785
Loc: Knoxville, Tennessee, Knox Cou...
You need to take all your closing documents and your sales contract to a real estate attorney to see what happened and what your options are at this point.
_________________________
Jim Lee, REALTORŪ, CRS, ABR, e-PRO
[url=www.KnoxvilleHomeCenter.com]www.KnoxvilleHomeCenter.com[/url]
[url=www.KnoxvilleTennesseeRealEstateBlog.com]www.KnoxvilleTennesseeRealEstateBlog.com[/url]
I am not an attorney & I am not giving you any legal advice.

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