All Forum Posts by: Anthony Hernandez
Anthony Hernandez has started 1 posts and replied 3 times.
Post: buyer changes from cash offer to lender in escrow.
- Posts 3
- Votes 0
correct, and that is the stance we are taking. the contract calls out the type of financing and they chose cash. there was an option for 3rd party addendum which they did not select. they are trying to change the contract by adding the lender to it via the objection. no contingency in place. thanks!!
Post: buyer changes from cash offer to lender in escrow.
- Posts 3
- Votes 0
the objections to the title were to certain sections and the title company addressed those. the objections to the survey were based on preference. the boundaries are clearly marked and staked, they want the easements added, but they have yet to be established because it's raw land. i ask about the financing because the contract says cash and now they are switching to a lender wo an addendum filed. to me that's a breach of contract, they mis-lead us to get under contract. the title is clear, i own it outright and the commitment was sent to buyer from title. because it's cash i didn't even have to provide a survey. if i don't cure the objection on the survey (basically get a new survey at my expense) the contract could be voided, however i believe they already voided it by introducing a lender wo proper notification. The title company accepted the survey prior to this magical lender appearing. thanks for the responses!!!
Post: buyer changes from cash offer to lender in escrow.
- Posts 3
- Votes 0
selling undeveloped residential lot. under contract, with a buyer for a cash offer, no option period. 6 days from closing received an objection letter stating they now have lender and they are objecting to survey that we didn't even have to provide. no 3d party addendum provided. closing date was set in contract and that has now passed. their attorney has not responded to the marked up objection letter from title. looking for insight on options.