Real Estate Agency Says They Were Misinformed

A Sherman resident thought she was being de-frauded by a real estate agency, but now, it seems it may have just been a misunderstanding.

Wednesday night KTEN reported that a Durant real estate agency contacted Nancy Mahan about some property she owned in a community called Oakridge estates. Nancy Mahan told KTEN when she met with the real estate agency they told her she owed no back maintenance fees on her property, even though she believed she owed back fees. Ms. Mahan was worried the real estate was trying to take her property and leave her with payments on land she no longer owned.

On Thursday KTEN learned that was not the case. The real estate agency says they were told by Oakridge Estates over the phone that Ms. Mahan owed no fees and relayed that information to her. After following up with Oakridge, the real estate agency learned that they were given the incorrect information. Ms. Mahan did in fact owe back fees.

Martin VanMeter told KTEN, "This is a case of misinformation and not understanding the procedures on her part, Ms. Mahan's part, plus getting some bad information when we contacted Oakridge to see if Ms. Mahan's lot was cleared or not."

The real estate agency says they now require a statement in writing from developments, like Oakridge that says if a property owner owes any back fees before they proceed with any transactions.