Austin, TX asked in Real Estate Law for Texas

Q: Basis of lawsuit for misrepresentation and fraud?

Hired our car salesman (also a realtor) to sell our property and our home. Right away we signed what we thought was contract for representation. What we actually signed was a contract for his LLC to purchase. Found out afterward that he had planned a sale, then he sold same day to an investor, then they sold same day to another. All in all he did not represent our best interest, nor did he convey other offers. We were out millions due to this. Any advise is greatly appreciated.

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1 Lawyer Answer
Anthony M. Avery
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Answered

A: A contract to purchase real property is not a conveyance. You hopefully have not signed a Deed yet, so don't. Hire a competent TX attorney first. There should be several causes of actions, and you should not have lost "millions" yet. From your knowledge of what is going on, you may have subsequently agreed to the sale, so watch what you say immediately.

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