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Before I bar 'Dude B' from entering/showing the house - my guess is that I should first have new and improved agent go over the docs/contracts that I signed with Dude B. Some exclusive right to sale. I think it is like for 180 days. If Dude B wants to try to stick to that . . . I guess I can turn up the heat by telling those in authority over him of the advertising before owning, not coming to my closing and various other lies . . . that would probably motivate him to drop all contact and contracts with me. Correct?
PS, DDW, mortgage fraud gets prison time. I know of three people who did this together...not friends or even distant acquaintances but one I see around town now that he's out. Devastated people. If you don't have time to do much at this very moment, send another email to that settlement person and tell her some are suspecting mortgage fraud. It's a serious crime to be looked into.
While the owner seller has a legitimate fraud concern and should get out of the deal, it looks to me like an amateur attempt to take advantage of high rents by inserting themself as a middleman to capture a spread between what it can be rented for and purchase price.
In the middleman scenario, the prospective buyer needs a committed tenant in order to follow through with the purchase.
A major broker is involved (the largest and most successful brokerage in the KC area) but I do not even think they have a clue of this rouge activity going on in their company. I will inform them Tuesday.
I have a limited supply of energy. I am disabled. I have my three daughters (ages 13, 11, and 9) all day tomorrow. Therefore, I must prep my apartment for that. Then I also have them again this upcoming Saturday. They deserve a rested and not-agitated/distracted father for the little bit of time I get to spend with them. They are a much more important asset than this d*mn house . . .
Me driving the 5 hour round trip to sign the docs at the Title Company was TOO MUCH for me because of my disabilty. So, I'm still playing 'catch up' and 'rest up' from that. What do I gain by quickly rushing forward when I have no energy at the moment? Thanks.
Well Hell! Now I feel like a real jerk. My apologies for any fun I was having earlier. I hope it all works out for you soon.
I do have a good attorney. However, he mentioned KS law vs. MO law. . . Use an attorney or just make sure I get the ownership/title to my home back . . . blow these guys OFF . . . .learn my lesson. And start over again from ground zero? Thanks a bunch.
Putting aside my skepticism about this entire thread, you do not have a good attorney. You may know an attorney who is good, but he certainly hasn't been advising you.
A good attorney would have urged you to receive a significant down payment. A good attorney would have advised you against signing an exclusive listing agreement with an "agent" whom you have never met. A good attorney would have suggested that you verify the identity and existence of the buyer, and the credentials of the agent. And a good attorney would have told you that you didn't need to make a five hour trip to sign documents at a title company.
A lot of the things mentioned in this thread sound fishy, but it may or may not be a scam. As to your original question, it doesn't seem particularly unusual for someone to advertise a house for rent prior to closing, provided they knew that they were going to close. Everything else sounds questionable.
Before jumping to conclusions, however, you need to investigate those matters which you should have done from the beginning.
It is no big deal. It is to save money. It cost 300-400 bucks for each transfer from Germany."
No, it doesn't. Transfers from Germany are far less than that, if my experience in transferring money around the world is any indication. Heck, I transferred $8,000 from the US to the Middle East for $35, and US banks are expensive. A $2,000 transfer using HSBC from the Middle East to New Zealand was less than $5.
Putting aside my skepticism about this entire thread, you do not have a good attorney. You may know an attorney who is good, but he certainly hasn't been advising you.
A good attorney would have urged you to receive a significant down payment. A good attorney would have advised you against signing an exclusive listing agreement with an "agent" whom you have never met. A good attorney would have suggested that you verify the identity and existence of the buyer, and the credentials of the agent. And a good attorney would have told you that you didn't need to make a five hour trip to sign documents at a title company.
A lot of the things mentioned in this thread sound fishy, but it may or may not be a scam. As to your original question, it doesn't seem particularly unusual for someone to advertise a house for rent prior to closing, provided they knew that they were going to close. Everything else sounds questionable.
Before jumping to conclusions, however, you need to investigate those matters which you should have done from the beginning.
This, and nothing that requires public action (banks, title companies, deed recording, attorneys) is occurring on a weekend or federal holiday.
The buyer - you've referred to him as the seller; you're the seller - can't say the home is available to occupy before he owns it. But he's not required to wait til the deed is recorded to advertise it as available.
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