Woman Sues Tarek El Moussa’s Company Over Canceled LA Mansion Sale, Says He Lost $300k
April 4 2023, Published 4:00 p.m. ET
A Los Angeles woman says Tarek El Moussa’s company backed out of a deal to buy her home and now she's demanding $350k in damages, RadarOnline.com has learned.
According to court documents obtained by RadarOnline.com, a woman named Ruby Vidato has filed suit against the reality star’s company Tarek Buys Houses.
Vidato accuses the reality star’s business of breach of contract. According to the website for Tarek Buys Houses, the company is a “private real estate investment company dedicated to helping property-owners in tough situations sell houses for cash.”
The company touts they “pay cash for houses, single-or multi-family, in any condition, helping homeowners achieve the fairest as-is price for their home.”
In the lawsuit, Vidato said she is the owner of a 4-bedroom, 3-bathroom home in Los Angeles.
In May 2022, she claimed Tarek Buys Houses agreed to buy his property for $1.8. million. She signed the deal and kicked out her tenants.
However, weeks later, she said one of the owners of Tarek Buys Houses said they could not move forward with the deal due to “market shifting and other excuses.”
She said the owner promised to follow up the following day. However, Vidato said she never heard back and did not return her future calls.
Days later, another employee from the company called to tell her the deal was dead. She claimed Tarek Buys Houses sent her a Cancellation of Escrow and Contract to sign. However, she refused because the paperwork said the cancellation was mutually agreed upon.
Vidato demanded the company pay him $50k in damages for canceling the deal. ‘More than five months have elapsed since the Demand and Defendant have failed to perform as required under the Purchase Agreement.”
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In the suit, Vidato said she sold the home for $1.5 million in September 2022, $300k less than the deal she had with Tarek.
Vidato says she's been damaged by Tarek Buys House pulling out of the deal. The lawsuit seeks $350k in damages plus attorney fees.
