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Orange County REO - Orange County Foreclosures - Orange County Bank Owned Homes |
As is, where is, and without warranties are words I use on a daily basis. I know a thing or two about REO's and I find myself repeating these words over and over to agents to relay onto theor clients. This is a constant. Even when we are closing a REO deal I am still repeating these words on a daily basis to the buyers agent.
I just closed a deal and the escrow company (who shall remain nameless) was the worst company I have EVER worked with. I never got 1 phone call returned or an email. I would talk to the AM on this and of course they would repond to her but I found it so strange that the lines of communication reguarding this file was just non exsistant. I still haven't gotten confirmation the deal closed and recorded but I know that we did because it's public record and because we had a major issue with the final HUD. (This is the point where the story gets good) I got a phone call from the other agent after all checks have been cut that the buyer was charged a 150 dollar per diem fee which racked up to 900 dollars. Closed escrow, checks have been cut and some how I am getting blamed. The buyer signed the final HUD and didn't bring it up? Not till I can't do anything about it since the delay in closing was due to buyer wanting repairs to be done by the bank. (So the AM thinks we were delayed because of the buyer wanting something and the buyer thinks it was delayed since we were waiting on an answer.) Any way the buyers agent didn't cover the buyer by putting it in writing when the AM asked me to get an extension. The other agent wasn't happy about it we were ready to close 2 days later anyway. The other agent said he was following my lead and I should have told him to put it in writing. Iam shaking my head cause when is anything verbal in Real Estate? I told him I didn't think his buyer should have to pay the per diem and I would pitch in to help his buyer out but that isn't good enough for him. Anywho............
Now the agent is saying he is going to sue everone!!! I told the AM today and I talked to the supervisor and they told me that the buyer signed the HUD and the deal was closed and checks were cut. There was nothing they can do now. They also brought up a good point....the property was sold as is, where is and without warranty and they got 1500 dollars out or the seller for repairs. So now I have to tell the agent that he and his client have no leg to stand on in a legal battle. What do you think??? Should I eat the 900 dollars but he was not my client and I did nothing wrong. Or should I let him sue??? Basically I am tired of his threatening emails and phone calls! What do i do? |
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