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Nesgroup address: misc.invest.real-estate - Date & Time for the message: 10 Aug 2005 04:16:56 -0700
/ Author of the message: "J" |
Title of the message: |
Buyer Liability
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Text of the message: |
I am on the verge of purchasing my first home. I have a P&S and have been working with a broker and lender to get financing. I've had the appraisal done and I received a commitment letter from the lender. Then I discovered that the terms I discussed with the broker are different than the terms in my commitment letter. The broker apologized for the "confusion" and has arranged to have another commitment letter drawn up. But I also discovered that this particular lender has a bad report card with the BBB. My question is, since this broker already did the appraisal and some other "legwork", albeit not very impressive, what is my liability to them? I have found a better offer elsewhere with a lower interest rate and I am seriously thinking about switching gears. I may also need an extension on the closing date, but it seems worth making this request given the circumstances. Any info is appreciated. . |
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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.