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    Post: Oral agreement for land purchase

    Posted by Sonya Payne on 2/24/07


    In 1999, my father gave my sister a piece of land as a
    wedding present. There was a stipulation in the contract
    that stated if she decided to sell he would have right of
    first refusal. My sister put a mobile home on the
    property and in 2005 she moved to another state. She and
    her husband told my father that he could buy the land for
    $7000 or the land and home for $30,000. My father opted
    to buy the land only. My sister told us on several
    occasions that she didn't want our father to have buy the
    land again, but since they still owed on the mobile home
    they needed the money. My father trusted family so he
    didn't get anything in writing. That was his first
    mistake. Everyday after the oral agreement, my parent and
    my sister communicated. My mother would tell her,"We are
    getting the money. We'll have it tommorrow. We have the
    check for you" Each time they talked, my sister said
    nothing until the check was in hand. Then they informed
    them they were renting. My parents had to refinance their
    house at a higher interest rate for a longer period of
    time to get the money. Now out of the blue, my father
    gets a document stating a price of $38,000 dollars for
    everything. Can they do that?

    I have been doing research to try to find anything to help
    my parents. They can not afford to pay $38,000 nor do
    they want to. I don't want my father to loose the land
    that he worked so hard for. The land has been in our
    family for over 30 years. I have discovered that courts
    have enforced oral agreements for property in the past.
    One case involved parents' promise to sell farm to son. I
    also discovered something that states if one party suffers
    damages due to the oral agreement, it could be enforced.
    My parents suffered financial damage due to the oral
    agreement. Finally I came across Chapter 923 Statute of
    Frauds and it states that conveyance of property held to
    be full performance by one party to contract so as to take
    that contract out of state of frauds regarding individual
    liability of party conveying property. My parents held to
    their full performance. I would like to know if there is
    any validity to what I found? Can it be of any use to
    help my parents?



    Posts on this thread, including this one
  • Oral agreement for land purchase, 2/24/07, by Sonya Payne.


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