Legal Question in Real Estate Law in Illinois

I bought my home by myself when I was 20 and I feel I was completely taken advantage of. The realtor told me that I didn't need to have an inspection done because a previous potential buyer had one done recently and she had a copy of it. First she told me she could get me a copy, then she said she had misplaced it but she remembered that there were no major issues with the home. That was a lie. She told me I would be refunded for my last month's rent because the seller took so long to get the termite inspection done. That was a lie. She told me I would be wasting my money if I used a real estate attorney. Obviously that was a lie. Now, I know all of these things are common sense that she was lying but at the time, I was nieve and trusted her because I was distracted with a suprise pregnancy and had to replan my wedding. So, I just trusted took her advice since I figured she was the professional. She also had the home listed as being built in 1947. Recently I discovered records indicating that the home was actually built in 1900. Had I known that, I never would have considered buying this home. Now, Im stuck in a house that's falling down, I can't refinance, I can't get a home equity loan because I just purchased it in Aug. 2007. I'm applying for a short sale, but don't think I'll get approved because I have two high auto loans. Is there anything I can do about being lied to by this agent? I believe she was the seller's listing agent as well as my agent from Coldwell-Banker. Also, I'm so desperat that I'm wondering if it is possible for my husband to purchase a different home and I foreclose on this one. We were married the month before I closed on the home, but he never signed anything and isn't on the loan. I'm worried that they might pursue him for the mortgage. Please help!


Asked on 5/17/11, 5:45 am

1 Answer from Attorneys

Burton Padove Indiana and Illinois Lawyer, Burton A. Padove

You may have a cause of action against the real estate person. You should contact an attorney

as soon as possible. Run a free credit check on your husband and see if the foreclosure or loan show up. It shouldnt be there, but if it is, you would want to have it taken off before he applies.

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Answered on 5/18/11, 4:33 am


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