Need Advice on sale - Posted by Rob Day
Posted by Rob Day on January 17, 2000 at 11:18:43:
I just wanted to get some opinions on my situation. A couple of months ago I purchased a 4 plex from honestly a slum-lord, but I got the place before he had a chance to ruin it. Anyway we haggled back and forth for 2 months on pricing. As we went to the closing table he owed me $300 for rents that he collected for that month. he told me he would bring them to the closing. He also told me he had several other properties that he wanted to get rid of right down the street. Anyway he arrives at closing without the money, but says why don’t you come up saturday and we’ll talk about the other property (we closed on on a Wednesday)and I’ll give you hte money then. Well I go up saturday to check on my new place and meet the tenants, and planned to meet him after my visit. Well he blows me off and doesn’t return my phone calls. 3 weeks later I get a call form my property manager that the water has been shutoff because of an outstanding balance on the bill. I expalined that I just bought the property yadaaa, yadaa, and they (the town) give me a little reprieve. I call the title company to explain their error, and they tell me to speak to the owner. I then call the realtor, in fact I called her a total of 7 times and she still has not returned my phone call. I had to pay the water bill balance because it was going on a couple of months,and between the realtor and the owner my outstanding balance due is nearly $1000. In addition, my property manager tells me the keys that the owner gave us are no good, so i had to go change all the locks. I am trying to get hold of my lawyer, but he charges for saying hi. I live in NH, any thoughts as to how I may handle this. I want to put a lien on both property that the owner owns and the realtor owns. they both have lousy reputations in the town, but I did not know that going in. Any help would be appreciated.