Posts Tagged ‘hook’

I am in escrow on some property in which the seller and his real estate agent were not very forthcoming in their disclosure statements. Through a third party I found out some things about the property that are detriments (such as occassional flooding) but I am willing to overlook them and still purchase the property. I have released all my contingencies and we have a close date set.

My real estate agent happened to tell the seller’s real estate agent that we found out some of these things on the property – most importantly about the flooding – and now the selling real estate agent wants me to sign a bunch of documents listing out what I found out as if she had told me about them. I don’t want to do it – it took considerable effort for me to uncover these issues and I have already signed off on contingencies. I don’t think I need to also let her off the hook as if she had disclosed these things to me – she did not. Can the realtor force me to sign these?
I am asking if a real estate agent can legally force me to sign informal and misleading documents in order to progress with the purchase? The seller and I have already signed all legal documents as outlined in our legal contract.

My brother and I are joint tennants on a commercial property. Neither of us has the money to buy out the other. And why would my brother need to? He can just load the place up with his biker friends and take over the place.

Answer:
Depends on the laws of your state. They are different in each state. In my state, only one of the partners need sign on a mortgage or for construction, or other encumbrances. Since it becomes a lien against the property, both partners are on the hook for the cost. Just like you were married. If you don’t trust your brother, you need to find a way to buy him out or have him buy you out.