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If you are going to lie to me....may I suggest you take more care before you send emails? I might get one you didn't mean for me to read......ooooooops! :)
I've spent the last couple days listening to the sob story of a buyer's agent telling me that the reason his client needs to cancel our escrow is because of a job loss. We are 2 weeks from the close and contingencies have been removed. My sellers are wonderful people who have bent over backwards for this buyer and have been conflicted about asking for the deposit.
My sellers have now been placed in a difficult position financially, they have moved. They were counting on all going smoothly to the close...we had loan approval and they had made repairs as requested, all contingencies have been removed.
The buyer's agent has sent email after email begging us to be compassionate with his buyers. That this is all the money they have and now he's out of work. My sellers have been thinking about this and were leaning towards just releasing their deposit and hoping another buyer comes along...we have no back-up.
But then today.......and email arrives. I've been copied on an email to the buyer's lender:
Any news on the new property? I have sent you the escrow information and we would like to get this moving as quickly as possible. The buyer is very excited about the new home. Did you see that the sellers are paying for closing costs? Isn't that great? I am getting a commission bonus on this too....so it's a great situation.
Let me know as soon as you have any news for me or if you need anything. Let's try and get this done quickly.
Mr. Lying Real Estate Agent
Enter a little tool called "Reply All".....
Dear Mr. Lying Real Estate Agent and Lender,
I'm delighted to find that Mr. Buyer did not lose his job after all!!! That's great news!
I just wanted to make sure that all parties are aware that the sellers are going to require the deposit we have in escrow to mitigate their damages. I hope the buyers weren't counting on that for the down payment on the new property. Although it won't compensate my sellers completely....it will help.
Good luck on the new home.....too bad they didn't want to conclude the purchase on the original one, I'm sure the sellers would still be happy to work with them.
But good luck with your future transactions!
oops.....need I say more?
Dre no. 01494165 Broker/Associate
HÔM SOTHEBY'S INTERNATIONAL REALTY
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.