Last minute seller finds 40k lein on house. Can I sue?

**BigBriDrol** · 05-09-2009, 05:57 AM

I am new here and just bought my first house. Settlement is next Friday however today they found a 40k lien on the house and are trying to clear it. If it can not be cleared I will not get the house.

I have already spent money on inspections and have already made moving plans.

They did not disclose this lien earlier. Can I sue if the deal does not go through now to recoup my losses plus all the lost time since they were negligent in disclosing the lien?

**REITrainingWhse** · 05-09-2009, 10:12 PM

Originally Posted by BigBriDrol

I am new here and just bought my first house. Settlement is next Friday however today they found a 40k lien on the house and are trying to clear it. If it can not be cleared I will not get the house.

Well, you could still get the house... You would just need to satisfy the lien, if the seller doesn't and you wanted it THAT BAD.

Originally Posted by BigBriDrol

Can I sue if the deal does not go through now to recoup my losses plus all the lost time since they were negligent in disclosing the lien?

Simply put, READ YOUR PURCHASE AGREEMENT! It will tell you what the liability is for both parties if the other fails to satisfy the agreement. Usually the seller needs to compensate the buyer of any loses incurred, due to failing to close the transaction, but you need to read what you signed.

Hope that helps!

**BigBriDrol** · 05-10-2009, 04:11 AM

Originally Posted by REITrainingWhse

Well, you could still get the house... You would just need to satisfy the lien, if the seller doesn't and you wanted it THAT BAD.

Simply put, READ YOUR PURCHASE AGREEMENT! It will tell you what the liability is for both parties if the other fails to satisfy the agreement. Usually the seller needs to compensate the buyer of any loses incurred, due to failing to close the transaction, but you need to read what you signed.

Hope that helps!

Thanks! I appreciate it.