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Updated over 7 years ago on . Most recent reply

User Stats

45
Posts
19
Votes
Michael Jones
  • Flipper
  • Portland, OR
19
Votes |
45
Posts

Recourse for a failed transaction

Michael Jones
  • Flipper
  • Portland, OR
Posted

I know closings fall through and while I've never had one, I'm pretty sure one of my sales is going to fall through. We've done everything we can to both be flexible and extend the closing but also demanding updates as they go.  The buyers realtor and mortgage lender have been the most unprofessional people I've ever encountered in this arena.  They've really done a disservice to the buyers but have completely screwed this transaction up on follow up, meeting deadlines, and communicating.  Other than the earnest money, is there any recourse with Lenders and realtors?    I'm just so frustrated that these people take no responsibility nor do they seem to even care... For *****ake these people will make money and they just don't care.  Never mind that this has cost me money and forced me to rework my money situation.  

Most Popular Reply

User Stats

45
Posts
19
Votes
Michael Jones
  • Flipper
  • Portland, OR
19
Votes |
45
Posts
Michael Jones
  • Flipper
  • Portland, OR
Replied

@Brian Pulaski   Before the second extension I made them release the EM.  

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