Family Can’t Afford to Buy Out Tenant, Loses House

A family was under contract to purchase a home in Brookland on a short sale. The short sale was approved and the tenant moved out of the house, but she refused to assign her TOPA rights without compensation. The sellers couldn’t pay, and the buyers were already maxed out on their purchasing budget, leaving the tenant with total control. The deal ended up voiding, creating problems for both the prospective buyers and sellers.

#FixTOPA