All Forum Posts by: David E.

They got in touch because we assigned the contract to them so they were then included on the emails and contract.

Property is located in San Bernadino,CA

Hello,

We have closed multiple transactions and have never had this issue come up so I'm seeing if anyone can provide some direction.

Description of the issue:

• Had a property under contract for $215k
• Found a buyer willing to pay $230k ($15k would be paid to us as an assignment fee)
• Assignment agreement signed by all parties saying that at the time of closing $15k would be sent to us
• Buyer sent in $10k EMD and expected to close within a few days
• Buyer then attempted to renegotiate the deal by asking for it at $205k, knowing that we had it under contract for $215k.
• Buyer stated that they were not moving forward however they went behind our backs and closed the transaction for the $215k price that we negotiated and had under contract but assigned to them with the assignment agreement in place.
• Escrow knew about the assignment fee agreement and even had it at one point written in the escrow instructions and had it on the HUD.

The email response came from an individual but said that my original email I sent to Michael Rapp was forwarded to her. [email protected]

Thanks. I just got an email response from someone after I sent the email. Hopefully this will get things moving.

I need cash buyers in IE and Riverside. We need buyers with Capital not hard money.

Hey Neil - Call me when you get a chance. My number is below.

I tried the email above no luck. We have been waiting for a approval letter on the short sale for 2 weeks now and the foreclosure sale is on the 14th. The letter will be good thru 3/11 however we can get a copy to close. This is just ridiculous.