Bad News What can I do?

NEW -> Contingent Buyer Assistance Program
Listen all



I am not kidding. It is true. Thanks for your advice and I did used it to resolveD my situation. HEY GUESS WHAT, Its work.



They finally call me today and tell me that they will send the check back to me. but, i have to wait for the seller bank approval..



I'll take the idea from SOLCAL. The next time i will tell my (agent? )that i will send the check myself to escrow so that i don't have to deal with the seller agent. by the way, that check make payable to the broker trust account.



Let me ask you all a question. IS IT LEGAL FOR A NONE LINCENSE AGENT TO BE AN AGENT, BUT HE OR SHE BROKER HAS LINCENSE,THAT HE OR SHE WORK FOR.
 
<blockquote> IS IT LEGAL FOR A NONE LINCENSE AGENT TO BE AN AGENT, BUT HE OR SHE BROKER HAS LINCENSE,THAT HE OR SHE WORK FOR. </blockquote>


What the hell does that mean?



Whats the persons name? <a href="http://www2.dre.ca.gov/PublicASP/pplinfo.asp">Did you look it up look it up on the DRE website. </a>



Everyone should check the status of any agent they are using or considering using in the <strong>vetting </strong>process. I just wanted to use that word.



Give me a break.
 
Well, I'm glad to hear that it worked out for you. I do have 4 words for you "find a new agent." When we set out to buy, I was pretty sure we were going to buy an REO, so I wanted an agent that knew how the banks, the asset managers and their listing agents worked. I chose an agent to be our buyer's agent who does a lot of sales for the banks. I really liked her and felt that she did a fantastic job for us. The bank's agent was a real piece of work and she held her accountable and even had her broker call the seller's agent's broker to get her butt in gear. She really stepped up and took care of things. If you would like to interview her, PM me and I'll give you her contact info.
 
[quote author="stepping_up" date=1227265235]Well, I'm glad to hear that it worked out for you. I do have 4 words for you "find a new agent." When we set out to buy, I was pretty sure we were going to buy an REO, so I wanted an agent that knew how the banks, the asset managers and their listing agents worked. I chose an agent to be our buyer's agent who does a lot of sales for the banks. I really liked her and felt that she did a fantastic job for us. The bank's agent was a real piece of work and she held her accountable and even had her broker call the seller's agent's broker to get her butt in gear. She really stepped up and took care of things. If you would like to interview her, PM me and I'll give you her contact info.</blockquote>


I have some other advice and I have been biting my fingers ever since these posts have started. Before you even find a new agent, <a href="http://www.dre.ca.gov">I suggest you start here</a> in getting a very basic education on how a home purchase works. Seriously, it scares the sh*t out of me that people who do not have the basic terms or any idea of the laws of a home purchase, are some how out there trying to buy a home. I can tell there is a language barrier, but the questions here have been so ridiculous that I could have sworn this was a troll. I mean, the questions were so bad, it was like buying a car and not knowing it takes gas to make it run, then calling the dealer to get down there to fix it, and posting here that they still haven't heard from the dealer about the gas.
 
Unless the law has changed, Massachusetts requires a lawyer to be involved in real estate transactions.

I was surprised to learn that this isn't the case in California.

It seems like it would be a good idea for some people.

I believe we paid about $500 for a laywer (we had additional costs involved than most people with permits, conservation land issues, etc.)

The $500 was worth every penny.

The $500 we spent, probably saved us about $3,000.
 
[quote author="CalGal" date=1227324009]Unless the law has changed, Massachusetts requires a lawyer to be involved in real estate transactions.

I was surprised to learn that this isn't the case in California.

It seems like it would be a good idea for some people.

I believe we paid about $500 for a laywer (we had additional costs involved than most people with permits, conservation land issues, etc.)

The $500 was worth every penny.

The $500 we spent, probably saved us about $3,000.</blockquote>


The reason lawyers are not required in California RE transactions is because title insurance is the norm here. Back east, the lawyer's malpractice policy is the functional equivalent of the buyer's title insurance in California.
 
<blockquote>Unless the law has changed, Massachusetts requires a lawyer to be involved in real estate transactions.

I was surprised to learn that this isn?t the case in California. </blockquote>


CalGal



We don't need lawyers. Real Estate agents can screw up deals without them. ;-)



Actually you certainly can have a real estate attorney review documents prior to signing and in fact I often advised my clients to do so. It would also help to check with your accountant/tax preparer to understand the tax ramifications of buy/sell on your own situation. (awgee would second that but tells his clients to stay away from all re deals as they are like Kryptonite to superman)



Enjoy
 
Thank you all.





I have learned alot from you guys/gals



Good. leeson to learn and i will check out the website which GRAPHIX sent. Thanks
 
You must log in or register to reply here.
Back
Top