Need some real estate legal advice
1) The property was misrepresented as transferring ownership as fee simple
when in fact it is a Leasehold property (Ground Rent)
2) The seller agreed to do all of the requested repairs.
It is my belief that once the Listing Agent informed the seller of the
misrepresentation, the seller, realizing that he could be forced to redeem
the ground rent (approximately $2000.00) decided that by not cooperating
with the lender and refusing to provide the documents required for my
loan approval, that I would be forced to ask for a release from the
contract because of the inability to obtain financing. This will allow the
seller to re-list the property as Ground Rent with no consequences for the
What are my options at this point? Just walk away? Get an Attorney?
Any help or opinions would be appretiated.