 Posted 1/19/2007 10:10:48 AM
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| The only interest and offer on our property is from an investor. He approached us over a month ago and indicated he wanted a quick closing. We did everything on our part, including securing a loan to pay our mortgage off at closing. He claims there was a problem with the underwriter and that is why we haven't closed yet. Now it's the new year, and now it has to go back through underwriting. I've even called the title company to see if they had an idea of closing and they said, no. Could the buyer/investor be dragging out closing in order to secure another buyer for the house? This is very frustrating to us. However, without any other interest in our home, is there anything we can do to get this deal closed?
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Posted 6/19/2007 5:50:51 AM
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| I dont know all the details but depending on the condition of your home I would assume that he is trying to shop your house. If there is any equity in your house I would almost bet that. The money is not the issue. If he is indeed purchasing this house as an investment then the money is available. I can close on a house in 7-10 days with no problem. The money is available. There is something else goign on there. Is he going to live in the house? Is he a landlord and not an investor? There is a difference in those two.
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Posted 10/18/2007 5:36:04 PM
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How did that end up?
I am a California based real estate consultant but have lived 20 years in Spain and can help you with any real estate transaction there. They do not use escrow but rather "notarios".
Soy un consultor de bienes raices en California, USA y puedo ayudarle con cualquier tipo de transaction comercial.
Mi tel es: 1 (818) 415-5633
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Posted 9/22/2008 2:29:24 AM
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You have a LEGAL AND BINDING CONTRACT. all disclosures within the contract should be what the seller knows about the property. Now the other agent cannot FORCE you to sign anything. Basically what the agent is trying to do is cover his clients ***- if the selling side has a problem with it you can always take it before arbitration (see how they like that). Either way the selling agent is not within his rights to present other docs. for disclosures, nor do you let them off the hook. You will have no recourse if you do. Hope this helps.
http://www.ira-401k-realestate.com/IYF-Video-Opt-In/
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