Rescinding a sale/purchase

General Real Estate Investing
1

Does anyone have any legal or practical knowledge about “rescinding” a sale where fraud was involved; e.g., seller conspired with appraiser to arrive at an over-market value, etc.?

Who would be the first target - the seller, the appraiser, the title company, the lender?

Any experience out there with this?

Any recommendations for good real estate attorneys practicing in Southern CO?

P.S. If you do RE in Denver, CO Springs, or Pueblo, I have verifiable information about a local real estate investor / con artist whom YOU SHOULD NOT DO BUSINESS WITH.

2
e.g., seller conspired with appraiser to arrive at an over-market value, etc.?

Based on your info the seller and/or appraiser would be who you go after. The title company and lender/broker would have nothing to do with the appraised value result.

3

If you believe fraud was committed, a visit to your local district attorney might be in order.

4

Yes, I am going down that road also. The FBI may become involved - this was committed across state lines. This CO “entrepreneur” targets people like me nationwide. Unfortunately, these wheels turn very slowly.

Meanwhile, I am trying to protect myself financially as much as possible, and I’d like to know if anyone has ever heard of a case where a sale was rescinded.

5

You should have done a better job on your due diligence.

6

Thank you very much for needlessly stating the obvious. I am trying to get advice from people on this board for the situation I am in NOW. Geez.