I would do a land foreclosure, but don’t tell them that, that is the ultimate rev. etc. This is a new technique that works everytime on say a 100k home (or probably above amount, maybe a million dol. home–
that, but they might appeal, so they do, it works most all the time) and in court with or without an attorney.
I know a guy in the South that does it for others, I believe he charges around 3k and is very honest and a christian. Disadvantage–cannot sell the home or get a loan on it, Advantage–can wipe off the debt or any debt and no taxes ever, only expenses then would be for utilities. You can rent it out though.
If you want, you can quitclaim it to me and I will do it, with a separate contract meaning you get half the rents or something. This works everytime I am sure of it. They have a website as well, and I have been researching them for along time, with all the conference calls they have had. They will be around for a long time and are the ultimate prepaid legal as well.
Hello everyone.
Please I am in a desperate situation to sum things up, I have been in escrow for about a month and a half, my 2k deposit was cashed right away into escrow the first week. Purchasing a shortsale for 310k price was already approved by bank. I have been asking my agent and the lender for the paperwork from the city, to see all the permits or not on the house. I been asking for well a month into the deal and always given the run around on the paperwork, until I personally went down to the RE office and raised hell and demanded a copy of the paperwork, it was given to me (one month later from opening escrow) I get a copy of the report from the city and it has roughly about 20 things that need to be adjusted on the property example, moving the ac, moving the water heater, pipelines etc. things that were done by previous owners in the past without permits that need to be corrected. the current owner had already signed a waiver from the city stating that he would make the corrections but he never did) Now I went to the city and they told me that legally the bank or the owner who is loosing the house are suppose to fix and or pay for these things before I purchase the property. I have talked to my agent but he says that the bank will not take responsibility for this nor the owner and that it is on me the buyer ( my responsibility). They are pushing these cost on me and pushing me to close escrow with them. I feel that I have been lied to from the begining they knew about this and didn’t tell me until well over a month in escrow AND I feel that if I would have been made aware of this I would have not spend almost two months into this deal, I probably would have walked away from this sooner AND this has caused me alot of emotional stress, I am getting sick over this, yesterday I went to the house with my agent to meet the city inspector and then another gentlemen walked in to the yard and I asked who are you? He said I am buying this property? I went off on my agent and asked him how does your company work? what is going on and what was weird is that this man knew the city inspection appt dat an time and he said he been in escrow for about forty days. and apparently another agent from the same office is representing him. I don’t know what I can do if I walk away from this deal I want my 2k back (because they did not tell me about all the flaws this house had until I pushed for it and went down to the city MYSELF.
I am thinking about taking them to small claimsfor the following
hiding the info from me for so long
for not wanting to take the legal responsibily of fixing these things for me.
for emotional stress for me and my family
to get back my 2K and if possible more for the above reasons.
what do you guys think? What can I do? or should do?
Reality is this, if it TRULY took the agent and bank that long to get you the info you can walk from your contract. BUT you must have everything documented, not just “this is what happened”. No judge is going to make you buy the home and they can’t release your escrow without written consent from you.
Since the house is “as is” you can’t force the bank to do the repairs but if your agent has a brain they should be able to negotiate this out for you. The bank does not want you to walk, and now that it has been made aware it has the responsibility to disclose the info.
I would do a land foreclosure, but don’t tell them that, that is the ultimate rev. etc. This is a new technique that works everytime on say a 100k home (or probably above amount, maybe a million dol. home–
that, but they might appeal, so they do, it works most all the time) and in court with or without an attorney.
I know a guy in the South that does it for others, I believe he charges around 3k and is very honest and a christian. Disadvantage–cannot sell the home or get a loan on it, Advantage–can wipe off the debt or any debt and no taxes ever, only expenses then would be for utilities. You can rent it out though.
If you want, you can quitclaim it to me and I will do it, with a separate contract meaning you get half the rents or something. This works everytime I am sure of it. They have a website as well, and I have been researching them for along time, with all the conference calls they have had. They will be around for a long time and are the ultimate prepaid legal as well.
that they, not you, are responsible for making good on the agreement with the city, unless they want to credit back the cost of these changes at closing to have you take care of it. This is in addition to the discount you get because the house is not worth what is owed even if everything were perfect. Consider these permit issues as “latent defects” resulting from their failure to disclose these problems with the property - which gives you an out to walk away. Be prepared to walk away. Then, when you back out, ask the escrow officer for your deposit back.