I had an episode on a short sale listing where my seller got a phone call from the bank while we were in escrow on this short sale listing.
The foreclosure sale was on suspension, as it usually is, while we were progressing towards the closing date.
Well, instead of contacting me so that I can explain how it all works, the seller freaked out and had a neighbor go over to the vacant property and pull out all of the appliances. He then sold them.
I did not find out about it until a little over a week later when I went into the property.
Unfortunately, the appliances were written into the deal which has now caused a huge headache. I have taken care of the situation (unfortunately on my dime), but that has lead me to create a policy that appliances are NOT included in any of my short sale listings.
Buyer and seller can agree to a puchase price for this personal property outside of escrow!!
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