Deal feels Squirrely

[Nikol Noll]

I would like to bounce a situation off y'all.  I am currently under contract on a commercial property that is 11 residential units.  This is only our second multifamily property so we are far from experts.  The sellers would not release financial information until the property is under contract, which it now it.  Now they are dragging their feet and won't release numbers until they have earnest money, which I was planning on wiring today.  This has made me a little nervous and I am being told that the delay has been because they have to separate some other business dealings from the numbers, and that the son of the seller is their financial advisor and accountant.  From my limited knowledge is seems that no other business dealings (a florist shop, not affiliated with the property, was mentioned) should be mixed in with the financials of this property.  Am I just being paranoid, or does this seem strange?  How can I ensure the numbers are legit?

[Derrick E.]

I would not give any EMD until you can see the financial numbers. Best of luck!