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seller has outstanding judgements (Real Estate & Property Law)

Tue, 11 Mar 2003 17:58:00 GMT

What is the name of your state? CA
We are 15 days past the original COE because the seller has outstanding liens/conveyances on his property.
Since we are using an escrow company, the escrow officer told us that they would still charge us the escrow fees (about $1000) if we cancel the purchase. Can they do this? Is there a legal recourse to take the seller to small claims court to recover this fee and the other $700 that we're out (home inspection and appraisal fees)?

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  • Wed, 12 Mar 2003 00:03:00 GMT(1)
  • Originally posted by marsxo
    What is the name of your state? CA
    We are 15 days past the original COE because the seller has outstanding liens/conveyances on his property.
    Since we are using an escrow company, the escrow officer told us that they would still charge us the escrow fees (about $1000) if we cancel the purchase. Can they do this?
    **A: yes, read your escrow agreement. The $1000 sounds high.
    *
    Is there a legal recourse to take the seller to small claims court to recover this fee and the other $700 that we're out (home inspection and appraisal fees)?
    **A: no, buying and selling real estate has various associated risks.
  • Leave a Comment Now.

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