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Updated about 15 years ago,

Account Closed
  • Real Estate Investor
  • Beijing, CA
0
Votes |
32
Posts

1st accepted-Help with 2nd.

Account Closed
  • Real Estate Investor
  • Beijing, CA
Posted

I jumped in as the third offer on a short sell house sitting empty for over 4 months. No expectations as I knew there was a 2nd lien but a month later I get a counter offer from the first that I accepted. At least I think so. The Sellers agent is a control freak and isn't actually a people person. Shouldn't I get a doc. from that first asking for earnest money down upon my acceptance? I haven't heard anything nor have I received my signed documents back.

I didn't get my hopes up but the sellers agent did tell me a day later that the 2nd had written off the loan. The banks counter offer gave 3k to pay to the 2nd so I started to think this SS might work. A day later the sellers agent calls me and now the 2nd has returned to their original request for 19k pushing this into an uncomfortable price zone for me again. (Sellers agent wants me to cover this) On top of that the sellers agent has turned incredibly cold on me telling me to make up my mind or cancel as there are others behind me that will take the deal. I asked for the seconds offer in writing but she told me it was verbal and I needed to make up my mind. I'm starting to wonder if the 2nd was this stubborn or maybe she had a friend that wanted to get in on my sweet deal that was showing signs of finally working out?

The agent has the seller in her pocket. Is there any way I can find out the status of the 2nd's lien? It's with GMAC.

I'd appreciate the help.

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