Legal Question in Real Estate Law in Georgia

foreclosure before closing

I put a contract on a home but while waiting for the sellers agent to get the title info to the attorney, the house went into foreclosure. I have had to file for 4 extensions now. When I ask my agent about what is going on from the sellers side of things, he tells me that they will not give him straight answers. Do I have any rights as a buyer?


Asked on 11/14/07, 8:49 pm

2 Answers from Attorneys
Scott Riddle Law Office of Scott B. Riddle, LLC

Re: foreclosure before closing

Your post is far from clear, but a foreclosure generally wipes out the seller's interest and the property is owned by the purchaser at the foreclosure sale.

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Answered on 11/15/07, 7:00 am
Robert Thompson J. Robert Thompson Attorney

Re: foreclosure before closing

Just ask for your earnest money back and look for another property (or contact the purchaser at the foreclosure sale and deal with him).

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Answered on 11/15/07, 11:15 am


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