Consumer Law, Warranties Contract for Purchase of Home

[hunter1123]

My daughter submitted a contract on a house (offering within $2,000 of asking price). Before the owner of the home could sign she was arrested for domestic assult on her mother. We discovered that the owner is bipolar and off her meds when she did this. She is in jail awaiting a bed in a county facility. She is an educated, 46 year old woman who purchases this house 2 years ago. Her mother has been here trying to help her through a divorce, etc. She is back on her meds and advised her agent she wanted to accept the offer so she and her mother could move back to their home state when she is released. She agreed to give Power of Attorney to her mother but the title company refused to accept it. Seems an attorney for the title company knows the owner and wants a guardian appointed. The owner and her mother are now suggesting that when she gets into the hospital and her meds are monitored she will sign the contract herself. My question is should we insist on a guardian being appointed or would a contract signed by the owner be legal? If she signs the contract, could she come back down the road and say she wasn't competent?

 

[army judge]

My daughter submitted a contract on a house (offering within $2,000 of asking price). Before the owner of the home could sign she was arrested for domestic assult on her mother. We discovered that the owner is bipolar and off her meds when she did this. She is in jail awaiting a bed in a county facility. She is an educated, 46 year old woman who purchases this house 2 years ago. Her mother has been here trying to help her through a divorce, etc. She is back on her meds and advised her agent she wanted to accept the offer so she and her mother could move back to their home state when she is released. She agreed to give Power of Attorney to her mother but the title company refused to accept it. Seems an attorney for the title company knows the owner and wants a guardian appointed. The owner and her mother are now suggesting that when she gets into the hospital and her meds are monitored she will sign the contract herself. My question is should we insist on a guardian being appointed or would a contract signed by the owner be legal? If she signs the contract, could she come back down the road and say she wasn't competent?

A wise person would RUN, not walk away from this screwy deal.

I bet your daughter is a wise person.

There are far too many homes up for sale in this soft market to risk a dime on this deal.

There are so many potential problems here, the contract resembles a piece of Swiss cheese.

Everything you've speculated about (and so much more) can come back to haunt your daughter.

You never want to do business with people possessed of mental defects!