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So, I posted a thread yesterday about a house I was thinking of walking away from. I made the decision to cancel the offer and get my earnest money back. Here's where this just gets worse:
The seller (a flipper) and her selling agent (whose brokerage is apparently more of an investment group than an actual brokerage) chose to have the earnest money held by a title company. The title company wants their cut. So now, I am going to lose $300 of my $1,000 earnest money. I was never provided a fee schedule from the title company. They were hired by the seller, not me. What are my remedies besides suing these people in small claims after the fact? I am incensed!
Well my agent never advised me that I would lose this money if I canceled the offer due to the inspection contingency. In fact I was told by him that I would get my entire earnest money back.
I've already spoken to the title company. That's where I got the $300 fee quote. Hell, now I'm concerned that the seller will refuse to even sign the release of funds document. I'll get nothing back until all parties have signed.
I've already spoken to the title company. That's where I got the $300 fee quote. Hell, now I'm concerned that the seller will refuse to even sign the release of funds document. I'll get nothing back until all parties have signed.
Push for it, and then ask your agent to make you whole for getting you into this circus.
I have an attorney. I've already sent an email notifying her of the situation.
As for my realtor, I chose him because I'm also selling my condo and got good referrals for his selling abilities, but now I'm kicking myself a bit.
The day of the inspection, after we had just gone through a mess and were very disappointed, he decided to pull out the mutual exclusivity realtor paperwork and get us to sign.
I have an attorney. I've already sent an email notifying her of the situation.
As for my realtor, I chose him because I'm also selling my condo and got good referrals for his selling abilities, but now I'm kicking myself a bit.
The day of the inspection, after we had just gone through a mess and were very disappointed, he decided to pull out the mutual exclusivity realtor paperwork and get us to sign.
mutual exclusivity realtor paperwork
What is that?
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