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Updated over 5 years ago,
Investment Buyer Went AWOL leaving escrow hanging....
Hi There! We've got a bit of a dilemma about a missing buyer and would appreciate suggestions, ideas, etc.
We were approached with an offer to buy a duplex we own near Sacramento. The deal was reasonable - so we agreed -- contract signed, and the buyer opened escrow with deposit. All seemed straight forward -until the buyer disappeared.
Escrow was due to close at the end of October. The buyer went missing a few days beforehand. No response to voice mails or texts and the escrow officer hasn't heard anything either. Now we sit in limbo.
The buyer is a member on this site. So I sent a colleague request the day before escrow was supposed to close (Oct. 30). The request was accepted - so I sent an innocuous note trying to see if I could get the guy to respond. Nothing.
So of course we're scratching our heads - did the guy die? Is he in a coma? Is he a fraud (but if that were the case, why open escrow, make a deposit and disappear?)
Any suggestions?