6 months still waiting for closing from buyers bank!

[jackmichigan]

Thanks for the update. It's unfortunate that the state has chosen not to include restitution as one of the possible enforcement actions. I know that would complicate their case--and require more work on their part--but it surely should have been one of the actions on the table. I know it's been done in a number of other cases.

Anyhow, hopefully the parties involved will be properly dealt with--even though that doesn't really help your situation. Has there been any progress on selling your house?


P.S. You should really stick to one screen name, especially in the same thread. I realize that the one you are now using was set up over 10 years ago, but perhaps you could ask the mods to consolidate or correct the one for this thread. Just a suggestion.

[carnivalday]

Did you ever sell the house?

[ClassicGal]

Their moving in is bad on so many levels.

If they tear something up, or alter something that could require a repair, you may end up being out a lot of money because you still own it. Also, what if the deal falls through and they move? That might make the recent home inspection null and void. In fact, it probably already has because they have moved in. You should make the agents reimburse you for that if it has to be done again or again for a new buyer. You also have to consider renters' rights. Although they aren't being labeled renters, you may have a hard time getting them out if you finally allowed them to stay until the proposed closing.

If it were me, I would call a real estate attorney and talk to them about what they advise. Find out when it would be best to file a complaint over the agents and broker. Have them advise you on the whole thing. Also ask them about the people living in your home and how to get them out without compromising your sale or creating problems for you. Also find out how to be reimbursed for any repairs or cleaning or damage.

My agent tried to pull the "let them move in so we won't lose them" scare tactic on me. He then tried the "let them store their furniture" thing as well. I said absolutely not. I even checked with other agents for advice to reinforce what I was going to do. Two seasoned agents told me to never do that.

If this deal falls through, definitely change agents and real estate companies.

[riggy_house]

I read this entire thread, and I feel for you and the stress you've likely endured. I'm sure some of that stress was probably alleviated by having the support from the good people here who were willing and wanting to help you through it.

And while it was indeed a sticky situation, and what might be considered nightmarish to some, I might remind you that what you went through is really not that big of a deal either.
No one was hurt. You really weren't out much money, and attorney fees probably cost you the bulk of your financial loss.

What you mostly lost was the precious time it took to suffer through the ordeal, but who gets to keep their time any way?
Perhaps you even came away with an education for all that suffering you endured.

While certainly others were at fault, I wouldn't make the blunder of overlooking your own mistakes here either.

Accepting an offer without having any real clue as to whether this guy can get ever get a loan, or without even checking his background or credit score? I'd try not to do that again.

Giving the buyer an entire month (actually 6 months) of Sundays after acceptance to go out and find a loan, all the while not having a clue that he probably wouldn't be accepted due to his shady background? Probably wouldn't go that route again either.

It appears you weren't just being pushed along on all the delays either, and it seems quite clear that you were willing to keep suffering the ordeal, as long as you thought a paycheck was coming the following week.

Now the ordeal is mostly over, and it appears you still haven't sold the house. Could it be that you've had it overpriced from the beginning, and the reason you were willing to suffer all that punishment was because you had high hopes that this pitiful guy could get his act together long enough to get you the payoff you desired for your property; but one that you may never achieve?

And do you think you were the only party who suffered through the entire fiasco?

Personally I'd be careful to stroke your feathers too much without hearing from the other parties as well.
Something tells me there is more to than just your side, but perhaps it isn't for us to find out.
Perhaps that is something you'll have to work out on your own, without any helpful guidance from others who are willing and wanting to help you through such difficult situations.

Best of luck to you and your neighbors in getting your house sold.