Will I sit at the settlement table alone??

Real Estate Agent with Prudential Fox&Roach The Belmonte Group

Picture this..... A beautiful cherry dining table with eight lovely chairs placed neatly and strategically around it. No places set, just the settlement officer, the sellers agents, and myself, the buyers agent. It sounds perfect, right? Wait, but wait, where are the buyers.

Are the buyers coming? Probably not. I have been working this deal like a dog since September. Yes, today, February 27, 2007 at approximately 2pm they informed me they are not coming tomorrow at 1pm. Their settlement has been rescheduled twice, due to problems with the walk through. Now, the day before settlement, they feel as if they should be compensated by the new homes builder in the amount of covering the cost of the point on their loan.

The loan company will not budge, the new homes division will not budge, and I need someone to budge. I spoke with the new homes salesperson, and they made me aware that the client does need to fulfill his obligations to the contract or pay 2% of the sales price per day until they do. At $4800 per day, I do in fact home my buyer attends settlement tomorrow.

Why today does this buyer decide he needs this compensation? Why could we not tackle this hurdle a week ago? HELP???

 (<----- This guy is calling my name after today..)



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Beth Bastian
Rosemont Financial Inc - Simi Valley, CA
Simi Valley Real Estate
So what happened?
Feb 27, 2007 09:32 PM #1
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