This is one for the books. My buyer and I sat through a 6 hour closing yesterday. It seems that the Seller was ready,willing and able to close, but somehow they thought that they could remain in the house until next Wednesday!
No kidding, they claim their Realtor who was Red Faced never told them they had to move! Needless to say, the buyers with Moving Van in tow weren`t thrilled and refused to sign until the Sellers placed $3,500 in escrow for any damages to the home.
The Sellers thought that they should receive their money "In Full" without being penalized. They wanted the Buyers to sign off on the HUD-1,but continued calling it "Their Home".we had to remind them throughout this arduous process that once the HUD-1 is sign, "Their Home" becomes "My Buyer`s House".
It took 6 hours to finally get this mess straighten out. The Buyer`s are now in a motel courtesy of the Seller, who was Kicking,Biting and Scratching along the way, and fully determined not to cover the Motel stay! Several times, we almost walked out of the closing threatening to sue!
The sellers wanted to take a Brand new Maytag Washer, which I had to keep telling them they couldn`t because it`s part of the executed contract and was clearly stated on the MLS!
Throughout the process the Buyers were thrilled that we stood our ground against the Sellers, who I`m positive were acting! They knew what they had to do weeks in advanced, their Realtor explained everything to them! It felt like I went 5 rounds with Godzilla because the Husband was an overall certified nut case!
We finally signed everything by 7:00pm, what should have been an easy close, was impossible.