New Mexico  |  Real Estate Law

Legal Question

Asked on: 2/11/01, 2:13 am

Developer

Because of a development a few miles west of our residence, the developers widened the intersection. (the city did the work, the developers paid the city).

Our house was on the N.E.corner of the intersection. As it turned out there is a merging lane in front of the house (40 mph) and a concrete median in front of one of the driveways-preventing a south turn. because we are seniors we chose to move to a safer place. We tried to rent the house or sell it. The real estate agents said ''location,location, location''.Of course the property was devalued in this process.

We sold it to a relative who could not qualify for a mortgage (mistake), but below market price. we were desparate by now.We had it for sale, but no offers.

My question is: Do we have a case if we sue the developer for damages? Our home was paid for and we had to buy another house. between selling the house, we lost $25,000.00 and the move-downpayment, closing costs, improvements etc. cost another $35,000.00 approx.

Please advise. Naturally, by now we are short of cash for an attorney.Thank you,

L.G.

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