QUESTION
Can we get our property back?
Asked on Sep 21st, 2019 on Breach of Contract - West Virginia
More details to this question:
We gave a piece of our property to our daughter with a contract stating if she sold the property, we had first option to purchase it back for $500. She used the property as a down payment on a trailer. The property and trailer are being sold. Can we get the property back? She never fulfilled her contractual obligation of $500 payment for property.
1 ANSWER
You may be able to get your property back if the buyer knew or had reason to know of your option for example if you recorded it with the county clerk. as an interest in the property. If the buyer had no reason to know of your interest, however, you are probably limited to recovering money damages (the amount the value of the property exceeds $500) from your daughtee.
Answered on Sep 22nd, 2019 at 7:55 AM