Im not sure of her fiduciary responsibilities to you either. Clearly she was protecting herself and not acting in the best of her client. But that would be their lawsuit not yours. If you really wanted to know about the trustee sale why didnt you just do what the rest of the people on the world would do and call the courthouse. If the bank bought it back just call the bank and make an offer. Up to the bank if they pay her or not. The court will show who bought it. Call them directly. You are acting like something bad happend to you. And it did, the agent is slime. But what are your damages? You dont have any. Call whoever bought it most likely the bank, the court will tell you and how much they paid. And make an offer. You should have been at the trustee sale and the only person you can blame at that is staring at you in the mirror.
16 years mortgage real estate exp
Think about it:
The best interest of buyers and sellers are not one the same. They are naturally an opposing force, do you know what i mean? The seller's a goal to obtain the highest price possible with the most favorable terms. The buyer's opposite goal is: to obtain the lowest price possible and the best terms in favor of the buyer.
How can one Realtor be loyal to both clients and act in the best interest of each client when the goals are clear opposites?
A lot of buyers hope that working with a listing agent they will have some advantage. They might, but do they always?
It sounds like there were some wheels in motion before you got involved. If you want to see what Realtors are responsible to, check out the Code of Ethics. If you think that she violated the code of ethics, you can file a grievance.
Just based on your post I did not see anything that would be a problem. I think that the TIMING of the sale is a good question. The Realtor's fiduciary duty is to the seller. If she was the listing agent, her duty is to the owner.
Was she representing you?
know if it is a bank or a private investor. If it is a private investor, the property can not be sold using FHA for 3 months, 90 days.
Lawsuits are not the answer. You can sue. It could be very expensive and you could loose all you spend.
direct (310) 589-8469
Oh yes, Question. . . . Ouch!!!!!
Public forum. Lots of defamatory and libelous hear-say my frustrated and anxious Q& A contributor. Things sometimes happen for a reason, season sleezen!
The motivations can be sincere but misread from various perspectives.
The practice is common for a realtor dialed into a management company. They are working for the trustee and finalizing the theft and recovery of another family life that exists no more.
Likley testing the market for the anticipated trustees sale and sitting tight till confirmation of the transfer back to the trust pending reversion of the asset.
The calling back and "She dont know" part. That translates into "Go away - not now!"
Nothing really wrong as it cannot be sold anyway pending the investment trust requirements for concluding the assets removal. (I am guessing it is a non agency or GSE REO as they would not do this or realtor would not act in such accord). Peace
Housing crash spawns big lawsuits
Good luck! Let us know how it turns out for you!