Can I back out of the deal ?

[0041phoenix]

Two days away from our possession date, and our lawyer advises us that the vendor's have "lied" about the property tax's on the house by a few hundred dollars. We sent a letter to their lawyer advising them to compensate us, and they have declined, stating they have no idea what their property tax's were and they were not the ones who came up with the number. Are we in a position that we can back out on the deal?

 

[seniorjudge]

Property taxes are public record.

You will have a hard time proving you didn't know something that you should've found out yourself.

 

[Scooterdog]

Sure, you can always back out of a deal. Depends how far along you are, if it will benefit you or not.

You can break the deal for fraud alone.

 

[seniorjudge]

Sure, you can always back out of a deal. Depends how far along you are, if it will benefit you or not.

You can break the deal for fraud alone.

There was no fraud indicated anywhere in the post.

 

[0041phoenix]

The property tax they listed is what we brought to our bank for Mortgage purposes (property tax's are being bundle with the mortgage), so now that will all be incorrect, resulting in a higher mortgage payment. Our lawyer did do a tax search for us, and that is how he came across the problem. We went by the tax's they listed on there MLS listing.. who supplies the realator with this information, why can't they be accountable for providing false financial information? thank you

 

[seniorjudge]

We went by the tax's they listed on there MLS listing.. who supplies the realator with this information, why can't they be accountable for providing false financial information?

Did you read the part of the listing stating that they are not guaranteeing the accuracy of someone else's figures?

 

[0041phoenix]

Liability and Warranty Disclaimer
CREA makes no representations about the suitability of the data or graphics published on this site. The listing information is deemed reliable, but not guaranteed. Everything on this site is provided "As Is" without warranty of any kind including all implied warranties and conditions of merchantability, fitness for a particular purpose, title and non-infringement. Neither CREA nor any of its suppliers shall be liable for any direct, incidental, consequential, indirect or punitive damages arising out of your access to or use of this site.

Seniorjudge is this what your refering to? .......

 

[seniorjudge]

Liability and Warranty Disclaimer
CREA makes no representations about the suitability of the data or graphics published on this site. The listing information is deemed reliable, but not guaranteed. Everything on this site is provided "As Is" without warranty of any kind including all implied warranties and conditions of merchantability, fitness for a particular purpose, title and non-infringement. Neither CREA nor any of its suppliers shall be liable for any direct, incidental, consequential, indirect or punitive damages arising out of your access to or use of this site.

Seniorjudge is this what your refering to? .......

Yep...they're not liable (as you can now see).