[WSBARP] Pocket Lawsuit?

[Paul Neumiller]

To clarify, the perceived problems are with the paperwork.  When you deal in the “affordable housing” world, the houses and paperwork have many weird restrictions including multiple notes and deeds in order to protect the non-profit entity.  This program is designed to provide the buyer with affordable safe housing at below market rates but prevents the buyer from turning around and trying to resell the house and gaining a windfall profit.  Buyer is now balking at the last minute with some of the paperwork (which, admittedly, is not the model of clarity).

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From: wsbarp-bounces at lists.wsbarppt.com [mailto:wsbarp-bounces at lists.wsbarppt.com] On Behalf Of Laird, Katherine
Sent: Wednesday, April 26, 2017 10:41 AM
To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com>
Subject: Re: [WSBARP] Pocket Lawsuit?

Did your client prepare and service a Form 17 disclosure document to the buyer?  Were any of the alleged problems disclosed on the form?


Katherine Kramer Laird
CenturyPacific, LP
Suite 1680
1201 Third Avenue
Seattle, WA  98101
Ph. 206-757-8892/Mobile. 206-915-0109
Fax 206-757-7890
katherinelaird at centurypacificlp.com<mailto:katherinelaird at centurypacificlp.com>


From: wsbarp-bounces at lists.wsbarppt.com<mailto:wsbarp-bounces at lists.wsbarppt.com> [mailto:wsbarp-bounces at lists.wsbarppt.com] On Behalf Of Paul Neumiller
Sent: Wednesday, April 26, 2017 10:32 AM
To: wsbarp at lists.wsbarppt.com<mailto:wsbarp at lists.wsbarppt.com>
Subject: [WSBARP] Pocket Lawsuit?

I have a short fuse on this and it’s a new situation for me.  I represent a non-profit organization who is selling a residence to an income-qualified buyer.  Buyer has many complaints which may or may not be legitimate and has threaten to consult with Buyer’s attorney.  Buyer now says that Buyer has seen Buyer’s attorney and wants to move forward with the transaction and close on the house.  I am concerned that Buyer thinks that Buyer can close on the deal and then sue on the perceived problems.  Is there any case law that either says that Buyer waives all problems that are known prior to closing or that all of Buyer’s problems somehow merge into the deed?  Is there any document that I should try to get the Buyer to sign now that fleshes out this issue?

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