Q: Real Estate contract in June. Needs repairs. Not able to close till Nov/Dec. Can we sue?
After inspection, it was found house needed chimney repair and new septic. Now almost Sept. Nothing done. It was surmise we may not close till Nov/Dec. We have been told different stories. Thought chimney was fixed. Haven't even started. We feel they ran out of money with their new house and are unable to fix this house now. Need proceeds from sale. In the meantime, we are out a lot of expenses and will probably will be hit with a higher interest rate. Can we sue?
A:
Rights under the home inspection, along with dates, are usually spelled out quite clearly in the contract. If they breached the terms, then you have legal options. If not, you don't. Without knowing the provisions of the contract, seeing correspondence, reports, etc., I can't give you an answer.
What does your lawyer say? If you proceeded without a lawyer, then it's no wonder you're in this pickle now. Get a lawyer and let him/her review all the documentation. There may be other avenues, like credits to you, available.
Good luck.
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