I have/had (I dont know right now?) a house with a problem tenant in Louisville, Ky. I got tired of dealing with him!
So I posted the house For Sale online in Jan 2021. I I figure if I can sell it quick I'll eat a couple months of rent (Jan2021& Feb 2021)and be good!!
A buyer from LasVegas contacted me and wanted to purchase the house.
We do a short 2week closing. I go to title company, sign papers, sign deed, get the check FRiday March 5. Deposit the check!
DONE DEAL!! RIGHT???
WRONG WRONG WRONG
HIS secretary calls me TUESDAY MORNING and says they dont want the house anymore!!!
BUT we Already did the closing!! its sold!
So now they are threatening to go to court over not wanting g the house because of the tenant!!
What to do now??🤷🏾♀️🤷🏾♀️🤷🏾♀️
Do they have a case? Do they have in writing you deliberately deceiving them about the property or the tenant? Anyone can sue anyone in the US, but having buyers remorse is not a very strong case, and I would think you’d prevail, unless Kentucky has much different laws than Florida.
I was totally honest. I told them I had a problem tenant and didnt want to deal with it anymore. That was my whole reason for selling.
They made me an offer. I accepted we closed and now they want a refund!
The tenant has a No trespassing sign in front and I guess that scared the buyer/new owner? Idk
It would be helpful if you had any of that in writing- email, texts, anything? Getting sued is never fun, and there’s a lot of threats and fluff in the beginning, but eventually it comes down to the facts and the plaintiff has to have a case. Unless they can prove you lied about the property it’s unlikely they’d prevail.
This is not legal advise btw, just one guy’s opinion on the internet.
I posted ad on zillow and facebook.
It clearly says tenant is in place. We discussed it over the phone one time and that was it. Everything else was thru email. No one asked about the tenant again. But it is right in the ad.
@Leon F. their house, their problem IMO. They should have done due diligence unless you stated they were a paying great tenant since that was not the case, you should be good. Sounds like someone with more money than sense/experience to me.
@Leon F. If it's as you say, I would personally not be worried about anything. There are no "refunds" when it comes to home purchases. It's not like he bought a t-shirt and it doesn't fit. You've already closed. It's his house now. Personally, I would just ignore him (and his secretary).
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