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Updated almost 7 years ago, 03/13/2018
Late paying due to an issue with the bank
Here is the quick and dirty; I am late cashing out an investor due to the fact that my account is currently frozen due to some red flags on how I was moving money in and out (newer account, a few failed closings, so monies came in and out of escrow, so the activity looks weird)
The bank is doing some kind of anti money laundering investigation, which I am not worried about at all. What I am worried about is an agitated investor that I have who I am late in paying due to this situation. I am only (currently) 13 days late in paying him. Am I exposed to any legal liability currently? I have been in communication with him the entire time, and am by no means blowing him off. That doesn't seem to satisfy him though.
Should I be worried? I should be able to make payment soon (within about 4 days or so), but I am taking his ire seriously. Please advise.