Legal Question in Real Estate Law in California

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!!!!!!

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

1 Answer from Attorneys

John Laurie Gertz and Laurie

An attorney would need to see all the documents that you signed and any e mails between you and your broker. I am not sure what your damages are. Are you upside down on the house. How much is owed.

If you wish you may call my office to discuss this matter

818 345-0123


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Answered on 10/05/13, 5:03 pm

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