All Forum Posts by: Vu Truong

@Humberto Marquez. Is it out of the period of inspection contingency but I was dragging long because of disagreement. Escrow/tittle has the deposit but they don’t release because buyer didn’t sign. Somehow buyer is on different escrow as well. I was surprised.

@Sergey A. Petrov sorry, typo. I’m a buyer. Seller doesn’t want to release deposit. 

@Patrick Drury do you know what is the approximate cost for that? I ve never gone through it but I am willing to go through it actually. It is a learning experience for me. I kinda set my mind that as I’m in the business long enough, I would have to deal with different disagreements. 

@Chris Seveney yes. Escrow company has the deposit but they said seller hasn’t signed so they can’t release deposit to me. And I didn’t know I don’t have my deposit until 2 weeks later. Surprisingly, they are already on escrow with different buyer. I never removed my inspection contingency even though it is over 17 days of period due to back and forth disagreement. 

Hi, 

I have a question as Rookie. I want to cancel escrow due to inspection contingency on the last min. Buyer didn’t reply to me or release deposit. Now they are on escrow with different buyer. 
I wonder if they can be on 2 different escrows like that?? 

@Jonathan R McLaughlin she is pretty new. Especially not many people got credit back in Southern California. They usually have credit enough for closing cost but not over it. What surprise me is that she gives me the number to her broker and her broker said it is not legal/loan fraud too. I looked up and it is not fraud at all. My lender is ok with it. 

@Caroline Gerardo thank you for such a detail instructions. Does the repair need to be done before closing or it can be completed after closing? 

@Caroline Gerardo thanks for replying. It is less than 3%. My lender is ok with it. However, realtor seems not comfortable to do it. She requested me to lower to purchase price which I didn’t ask for. Kinda have to find way to explain to her. 
Thanks for letting me know it is possible.

Hi everyone, I’m in escrow. 

I was able  about 20k back from seller. My closing cost around 11-12k. I want 8k to go to home improvement  credit to an invoice contractor. My realtor agent said it is not possible and push me to lower the purchase price from that 8k credit. She doesn’t want to do this. 

I referred to get cash for home improvement. Have anyone go thru this? My lender cleared me from this. 

TIA

I’m looking for a reliable contractor in Orange County to remodel and redo all the bathrooms in the house. Appreciated any recommendations! I had bad experience from previous handy-mans. Hopefully, I will be good this time. TIA