Foreclosure Crisis: Losing Homes and Money
- A family in pružina,Slovakia,is facing a frustrating ordeal after discovering hidden defects in a seven-year-old new building they purchased.
- According to Kardošová, the seller is currently living in the house, has paid off her mortgage, and is freely using the family's money.
- The seller claims she is unable to secure a new loan for the property due to a lien held by the buyer's bank.
Family Trapped in Nightmare After Buying Defective New Home in Pružina – No Refund After Six Months
A family in pružina,Slovakia,is facing a frustrating ordeal after discovering hidden defects in a seven-year-old new building they purchased. Alena Kardošová and her family withdrew from the purchase contract due to the issues, but have been unable to recover their €250,000 payment even after six months of negotiations with the seller.
According to Kardošová, the seller is currently living in the house, has paid off her mortgage, and is freely using the family’s money. She expressed her distress, stating she hasn’t slept properly in half a year, and highlighted the seller’s seemingly carefree lifestyle, evidenced by social media posts showcasing vacations and gifts.
The seller claims she is unable to secure a new loan for the property due to a lien held by the buyer’s bank. however, a lawyer suggests a solution exists, contingent on open interaction between all parties involved.
The family initially believed they were making a sound investment. A real estate agent presented the house as move-in ready, emphasizing its advantage of being a privately built property where any defects would already be apparent.They signed the purchase contract in April,secured a €250,000 mortgage,and took possession of the property.However, defects became apparent after taking ownership.
key takeaways:
* Buyer stuck with no refund: Family paid €250,000 for a house with hidden defects and haven’t received any money back after withdrawing from the contract.
* Seller appears financially stable: The seller is living in the house, mortgage-free, and seemingly spending the buyer’s money.
* Lien complicates matters: A lien held by the buyer’s bank is preventing the seller from obtaining a new loan.
* Solution possible with communication: A lawyer believes a resolution is achievable through dialog between the buyer and seller.
* Misleading representation: The real estate agent presented the property as defect-free and move-in ready.