All Forum Posts by: Shane Pico

 That is great, congratulation! What is next? If you have not considered it you should consider investing OOS here in Columbus or Cincinnati. The price to rent ratio makes for great investments. Not to mention our appreciation has been 8% higher then the US national average, because of the high demand for affordable housing. Keep up that good work and it will continue to just be a snowball effect.

I am interested in what time frame that equity was built it, but otherwise Congratulations on the accomplishment.

@Shane Pico @Bruce Woodruff I’m not seeing where your agent has dropped the ball here. Your agent can control the actions of a seller…the seller’s agent should be talking them back off the ledge though.

They also can’t sell without returning your money so I don’t know what good the additional Lis pendens does. 

Your realtor should, but you probably can, contact the title company and say the sale fell apart, please start the action to return my EMD.

Ps. I don’t know why the real estate broker would tell you to sue your agent (their employee) but certainly I don’t see any mistakes the agent made, especially if it was your idea to waive appraisal. Even if it was their idea it’s not their fault unless they didn’t explain what it meant. 

I'd be contacting a Real Estate Attorney and buying an hour of his time real quick if I were you.....

Your agent sounds like a bad (or maybe just weak) one. Once you get out of this, I'd get a new agent first thing.

yep, start with your agent, broker, and their designated broker. depending on what the actual docs say, they may be able to untangle it quickly (do escalate to managing / designated broker within the firm that represented you). either you are missing something and may be in default or your agent / whoever you are talking to is missing something (or it is over their head) and you owed your earnest money. the devil is always in the details and you need someone who can read the actual docs / contracts and advise you properly. we are all just sitting here guessing based on what you wrote. 

 My agent at this point is a middle man for information. he's still involved, but no more qualified to handle this than I am.

I am checking the loan contingency deadline right now.

desert escrow is holding my money (small local escrow company)

Where is your agent in all of this?

Your RE contract would/should have given you several possible outs. Inspection contingency, where you can walk for any reason or no reason whatsoever is one. Financing contingency is another. Some various lesser ones like inability to deliver clean title, damage after the contract, etc. If you have any of them in place and duly exercised one before the deadline of the contingency, they have no case and your money will have to be returned. If you missed deadlines, that's another story altogether. 

Who is holding your earnest money?