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Couple discovers the home they just bought is the wrong address

It is common to hear of banks foreclosing on the wrong address, but it is nearly unheard of that a purchased home is the wrong address, it’s nearly unfathomable, but in Mississippi, that is exactly what has happened.

Not the standard procedure

Mississippi homeowners, Terry Jordan and her husband, recently toured a home in the multiple listing service (MLS), put in an offer, purchased the foreclosed-upon home, closed the transaction through a title company, was given keys and began remodeling her new home, sinking thousands into a new roof, plumbing, and electrical work, according to WREG-TV.

Jordan noticed some discrepancies with local records, so she did her due diligence and had the property surveyed. Shortly thereafter, she says her Realtor called and said, “I don’t know how to tell you this but we might have sold you the wrong house.”

The Jordans had not actually closed on the home they toured that had a for sale sign in the yard that had a lovely red bard on the property, no, they legally owned the tiny home next door they had never considered purchasing.

The home the couple purchased to fix up and turn into an income property in fact did not belong to them, rather they actually own what Terry Jordan refers to as half of the size of the home they thought they were purchasing. “It’s pitiful, the lot that it sits on” she tells WREG-TV. “That house is full of mold.”

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Adding to the frustration

The Jordans say the Realtor told them, “Well you own the one next door. You still have a house,” which the couple is not accepting as an answer.
Making matters worse, no one seems to be willing to take the blame or help her out.

The news station reached out to the real estate brokerage that listed the home and were told that they are not to blame, as they received incorrect information from the mortgage company. The couple says no lawyer has been willing to take their case because they’re only looking to recover the thousands they put into remodeling the wrong address.

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Tara Steele is the News Director at The American Genius, covering entrepreneur, real estate, technology news and everything in between. If you'd like to reach Tara with a question, comment, press release or hot news tip, simply click the link below.

7 Comments

7 Comments

  1. PatHallesy

    May 16, 2012 at 8:53 am

    Why wasn’t the survey done BEFORE the purchase?

  2. KitsapAgent

    May 16, 2012 at 12:49 pm

    it’s called a ‘Legal Description’….Hello?!?

  3. VickiMoore

    May 16, 2012 at 2:22 pm

    “Well you own the one next door. You still have a house.”  EXCUSE ME?!?

  4. VickiMoore

    May 16, 2012 at 2:22 pm

    “Well you own the one next door. You still have a house.”  EXCUSE ME?!?!?!?

  5. AgentSteph

    May 17, 2012 at 9:23 am

    Ouch.l.

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