Re: Unethical Investors… - Posted by Sean
Posted by Sean on July 16, 2003 at 13:31:01:
If a seller signs a purchase and sale agreement with you and then sells to someone else, you sue for specific performance… believe me, if you have a good attorney, you’ll get paid or get a judgement against them.
If you find a buyer who buys out from under you, knowing full well you have a purchase agreement with the seller, they too have engaged in I believe is called tortious interference of a contract and you can sue them and win as well.
Finally as mentioned before if you have cloud on title, even if he buys the property all cash, he can’t sell it to anyone effectively, without paying you.
Sounds to me, like its time to get a nice attorney, let the guy buy it, sue the seller, sue the buyer, get your judgements, then turn them over to a good collection company to get your money.
Just my thoughts.