All Forum Posts by: Matt Morgan

Any other thoughts from other posters? 

Thanks. Do you have any source for sellers are responsible? I figured they were.

Final walk through was Tuesday 11-5. No damage to hardwood floors at entrance of home on Tuesday 11-5. Sellers movers removed all belongings on Wednesday 11-6. I closed on my home on Thursday 11-7. We moved in Friday 11-8. 
Realtor met met at the house and did a walk through a few minutes before we arrived. She immediately notice 2 large deep scratches on the hardwood floor. This area is 90 sq ft. The scratches are on beveled hardwood floor. The scratches run approximately 22 inches long and there are 2 of them. Looks like movers dragged a filing cabinet across the floor.

I received a quote today to fix the issue. Due to the beveled edges being a 1/4 inch it is extremely difficult to sand this down and re-stain the entire floor. It would be more costly to go this method and the beveled area would still not look correct. 

He quoted $746 labor to fix the area, and I am looking into getting quotes for the materials. I am expecting around $650 in materials due to the high quality would previously used.

Who is responsible for this? The sellers or the movers? Do the sellers pay up and they go after the movers? What do I need to do besides get quotes and send to my agent for review? What should I look out for to ensure this is done correctly and paid for? Looking for any advice and recommendations.

My parents built a home in 1999. It's appraised at 430k. They have been battling foreclosure for well over 5 years. Just barely scrapping by to keep the loan current the best they possibly can.

They owe $141k on the first mortgage. They owe $218k on 2nd mortgage. They also likely owe $18k in past due amounts for the 2nd mortgage. We have called and they are mailing confirmation of past due.

I would like to purchase this home for between $330-360k. This would pay off 1st mortgage in full and pay of between 190-220k on the 2nd mortgage. Is it possible to negotiate some sort of settlement with their 2nd mortgage to accept less than the total amount due?

1st mortgage is current. 2nd mortgage they recently did a loan modification program. They must now make 3 payments of interest only payments of $495.60 to continue on this program.

Please let me know any further details you may need or any insight you can provide.

Anyone able to clarify?

https://rappnews.com/2019/06/30/now-its-the-law-in-virginia/

Unlawful practice: Makes the unlawful and unlicensed practice of contracting, real estate brokering, or real estate sales, in connection with a consumer transaction, unlawful under the Virginia Consumer Protection Act.

@Christopher Phillips what exactly can go wrong? They have already decided on the price. I noticed the home has been held by same owner 71 year old couple for 44 years.  Total gut job of kitchen and bathroom needed.

He's friends with the original Realtor (A) also, not just me.

No signed papers as far as I know.

@Christopher Phillips good point. Why the heck would he want to go into a transaction without representation? He stated to me that she's paying the agent and he doesn't know any details. Also, is he naive to think downloading a contract to close the deal without any realtors is possible? Certainly sound stupid as all hell to me.

I referred my friend to my Realtor (A). My friend, John, and him looked at about 5 houses on 2 separate appointments. I know the Realtor (A) also did work looking for a home other than this. The market is very difficult to buy in. Homes constantly get multiple offers and rarely last a week on the market. My friend (John) is very picky and he has spent the last year or so looking at homes with a different Realtor before this new Realtor (A).

Recently I found out my friend worked with his neighbor (B) who didn't have their home listed on the market. They agreed upon a sale price. The neighbor (B) wanted to use their real estate agent neighbor (C) to close the deal. My friend (John) wanted to download a contract online. My friend (John) cut my Realtor (A) out of the transaction. My friend (John) said he had no choice but to use his neighbor's Realtor friend. They cut my friend (John) original Realtor (A) out of the picture. My friend (John) claimed he had been telling his neighbor (B) 2 years ago he was interested in buying the home.

Add in some other details.. I am good friends with Realtor (A) after he sold me my house. He's coming to my wife and I baby shower next weekend, and we hang out all the time. I am quite pissed off how my friend (John) handled the situation. Was he right to do this? Am I right to be mad? Not sure the ethics or legalities on this.

Thanks for taking the time to read this.

In Ohio, is wholesaling without a license illegal? I've read this thread, but getting conflicted responses. Thank you.

 They would like to stay in the home. Could you explain this further?