Our real estate agent received an escrow from the buyer for our house. When going through the title details a problem was noted. The real estate attorney involved said that a 'lien release' on a past mortgage is not the same as a 'mortgage release'. We were told to just sign the papers to accept responsibility for this. We don't want to do this and wish to return escrow. Buyer and buyer real estate agent claim $10,000 in moving fees from Shanghai China to our US location. What is our financial exposure? Is our real estate attorney sufficient to deal with this?
2 Answers from Attorneys
This is a question you should ask your attorney. If you need representation on a lawsuit arising from this matter, call me at 312-372-5600.
If the real estate attorney to whom you refer is your attorney, as in, you hired this attorney to represent you and only you in this transaction, he or she should be able to answer your questions. If this is the lender's or buyer's attorney, you need to hire your own attorney immediately.