Don't worry. You're wrong.Luke wrote:I hope I'm wrong, but this isn't happening. When you signed on the line, the deal was done. I don't think Buyer Beware applies more to anything than it does when coming to the purchase of a house.fastbilly1 wrote:
So yesterday I involved my realestate agent asking why she sold me a house if she new an HOA was there when she told me there wasnt one. Apparently the selling agent lied to her to close the deal. So her company is about to sue the selling agents company on our behalf. So itll be more fun.
I totally understand your frustration though.
I am unfamiliar with Tennessee law, but in most states certain undisclosed, not readily apparent conditions are grounds for rescinding a contract to purchase a home. Likewise, a misrepresentation by a seller regarding material terms of a contract is also a basis for rescinding it (or for a fraud claim).
You may have to act quickly, however, and you should not rely on your buying agent to protect your interests. If the HOA was a deal-breaker for you, then your agent probably had a duty to independently verify that the property was not subject to an HOA. Offering to sue "on your behalf" sounds like a ham-fisted CYA measure, and although it would depend on the terms of the agreement with your agent, I doubt that they actually have authority to sue "on your behalf."
Accordingly, you may want to consult with an attorney regarding your rights in this situation. You might also want to review the closing documents to determine whether they reveal the presence of an HOA. (Your case against the seller and the selling agent will be a lot stronger if the closing documents do not reveal the presence of an HOA.)
