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Nesgroup address: misc.invest.real-estate - Date & Time for the message: Sat, 26 Feb 2005 13:19:08 GMT
/ Author of the message: "iNet" |
Title of the message: |
Re: Buyer & Broker for Damages?
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Text of the message: |
"Liles" <liles@gmail.com> wrote in message news:LTUTd.9588$Pz7.3913@newssvr13.news.prodigy.com... > After finally closing escrow (60 days) that was delayed 41 days by the > buyer I have accumulated over $8000. When I accepted the offer they were > pre-approved. Just over a week before closing I discovered the buyer had > decided to refi a property. At the time I was in escrow contingent upon > the sale of my property. The buyer's broker neglected to tell me about the > refi and it was not a contingency for the sale. He said loan docs had been > drawn up and they should still be able to close on time, but asked and was > granted a 7 day extension just in case. At the 7 day mark we discovered > they had started the refi the week before closing. The broker blatantly > lied (& continued to do so) about loan docs when the refi wasn't approved. > At this point I stood to lose money on a new home plus interest charged. |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.