RE Brokers,good ones, have a reputation to uphold which is worth much more than a law suit or threats of one.

The charge of "fraud" is highly inflammatory & there's nowhere to "pick up" your reputation even in the unlikely event you "win".

Please connect with me if you know of reputable lenders or partners that I could work with and do a split of the profits.

BTW, I drive fast too and if I got caught I doubt it would ruin my business, destroy my reputation or tag me with a felony record.

I think that's why hard money lenders have a bad reputation.

Real estate is about relationships as much as anything, and going in with the attitude that you're going to bait-and-switch the seller is going to earn you a bad reputation.

Jewel - Thank you for your lengthy response as well, though honestly I could not understand what you were trying to say.

The LIBOR had a very good reputation as an index, it was less volitile as other indexes and was a good option, now I can see borrowers shying away in favor of the Fed Funds index and even the higher prime rate published in the WSJ.

I also explained that I was not going to have 10s of thousands of dollars out in EM deposits for weeks, wouldn't happen and your reputation of closing the deal always helps too.

The closing attorney is refusing to wire the funds to the bank until she gets something in writing to that effect.I don't blame her...it's her insurance and reputation on the line if she wires the money and then somewhere down the road the bank tries to foreclose and causes title issues.So, the closing attorney, listing agent and negotiator will be having a conference call this morning to discuss and hopefully work out a resolution.