I thought I might have had a settlement on Monday. As I said a couple days ago I thought we had resolved everything. But, alas, it's like a Shakespearean tragedy. There was all too much drama in this transaction for a small shell of a house that needs to be fixed up.
At the 11:59th hour after the buyer and the seller had signed all the documents the attorney who over saw the settlement decided he wasn't going to give it his blessing and sent the wire transfer back to the bank. The buyer behaved so badly that the attorney refused to close the deal. Has anyone ever heard of such a thing? In over 20 years I've never experienced anything like this.
So, my seller refuses to release the deposit back to the buyer, we're now out of contract. But, I did put it back on the market last week and we got a back up contract which we're moving ahead with so all is not lost.
Buyer's agents beware you need to keep your buyers under control at all times because you could find that the deal won't be completed if you don't. The agent lost control of his buyer about a month ago and the results are ugly. My seller wanted to terminate the contract last week but the buyer insisted on settling.
So, now what? I'm still waiting for my attorney to call me back with his take on the situation.
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