California  |  Real Estate Law

Legal Question

Asked on: 10/04/13, 1:22 pm

We are wondering if we have a case against our realtor for her breaches of fiduciary responsibility:

1-In May of 2013, we signed a lower sales price of our home with our realtor from $679,000 to $525,0000 after being on the market for 5 months. The price is still $679,000 as of today; 5 months later!!!!!!

2-As a result, the lack of buyers put us in a foreclosure situation with our bank and under extreme stress starting last August.

3-Our 1st clue that something was not right was when we received a very low offer for our home, $450,000 a month ago. We were shocked to discover that the price had never been lowered.

3-When we countered the buyers offer at $550,000 on September 12th, 2013, our realtor submitted a much lower offer from the buyers directly too our bank for $485,000 without our knowledge the week of September 12th.

4-The bank accepted a short sale of our home and the counter of $485,000 on September 19th, 2013. We were not e-mailed the counter offer until October 1st!!!!!!

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