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/u/Beginning_Muscle_896
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*Hopefully final update**
Well... My husband mentioned litigation to our attorney this afternoon and by 7 pm we received an email with a closing for this Friday. I'm hoping this doesn't derail. Fingers crossed!
Oh... This is upstate NY.
If you've been following our closing drama, my husband and I have been on one hell of a roller coaster.
The latest is that the sellers are upset that their proceeds are 100k less than they expected and are now taking time to "review options".
Context:
We went under contract in mid-November with an expected close date of 12/27. Right after Christmas, we learned that there are significant title issues including multiple judgements and three mortgages.
Long story short, they DO have enough in proceeds to satisfy every single judgement. That said, the very last payoff settlement was requested last week and arrived Tuesday evening.
This morning (Wednesday), we were informed that they were upset that the final payoff statement was 100k more than they thought and needed time to assess their options.
We are now three weeks in breach of contract.
Our attorney says our only remedy is to walk. Walking isn't an option for several reasons. Our attorney is useless and tbh, he has done nothing for us but blow smoke up our skirts.
Oh...our attorney is best buds with the seller's realtor, who is best buds with the seller. And also...our attorney and the seller's attorney are from the same firm. Something that was not disclosed to us and we didn't discover until recently.
My husband has to move out of his townhome this weekend and put his things in storage (we are a blended family and this is our first home together).
Can ANYONE give us some guidance here? Suggestions on what we should be doing to deal with this? We suspect that the sellers may actually be doing this to get us to back out of the contract. They can put the house right back on the market and probably get more than what we're paying.
How long can a seller delay a closing because they want to take time to "explore options"?!
submitted by /u/Beginning_Muscle_896
[link] [comments]
Seller refusing to sign closing papers
Continue reading...
Well... My husband mentioned litigation to our attorney this afternoon and by 7 pm we received an email with a closing for this Friday. I'm hoping this doesn't derail. Fingers crossed!
Oh... This is upstate NY.
If you've been following our closing drama, my husband and I have been on one hell of a roller coaster.
The latest is that the sellers are upset that their proceeds are 100k less than they expected and are now taking time to "review options".
Context:
We went under contract in mid-November with an expected close date of 12/27. Right after Christmas, we learned that there are significant title issues including multiple judgements and three mortgages.
Long story short, they DO have enough in proceeds to satisfy every single judgement. That said, the very last payoff settlement was requested last week and arrived Tuesday evening.
This morning (Wednesday), we were informed that they were upset that the final payoff statement was 100k more than they thought and needed time to assess their options.
We are now three weeks in breach of contract.
Our attorney says our only remedy is to walk. Walking isn't an option for several reasons. Our attorney is useless and tbh, he has done nothing for us but blow smoke up our skirts.
Oh...our attorney is best buds with the seller's realtor, who is best buds with the seller. And also...our attorney and the seller's attorney are from the same firm. Something that was not disclosed to us and we didn't discover until recently.
My husband has to move out of his townhome this weekend and put his things in storage (we are a blended family and this is our first home together).
Can ANYONE give us some guidance here? Suggestions on what we should be doing to deal with this? We suspect that the sellers may actually be doing this to get us to back out of the contract. They can put the house right back on the market and probably get more than what we're paying.
How long can a seller delay a closing because they want to take time to "explore options"?!
submitted by /u/Beginning_Muscle_896
[link] [comments]
Seller refusing to sign closing papers
Continue reading...