Still check with a real estate attorney for legal advise. And get the closing statement from escrow to show all monies received and disbursed
That's a big mistake to slip through the cracks on escrow parts, the sellers agents part and on your agents part
Good luck the money maybe due if you intended to pay it contractually and never did.
There is no excuse to pay the amounts of monies involved, and then make the that kind of mistake!!
Do the rest of us a favor and keep them from hitting someone else with this type of "surprise". As for the "right thing" that another realtor mentioned? The person making this inexcusable mistake should've at the very least split the cost with you. I know my realtor would've demanded it be done that way!
How can escrow close and record without all the monies in escrow to be paid out. This doesn't make sense that the escrow company can close record and disburse money they don't have.
I would contact a real estate attorney and see what thy can advise you. We are not an attorney who can really advise you on this and do not know your situation and what happened in your transaction it's all speculation at this point
Ingrid Ski Realtor
Hey, honest mistake. You are doing the right thing. Time to go enjoy your new condo!
I will sent my agent a check for the $5.k because he really worked hard to get this deal done.
I'm just MAD at the Loan Officer/Redmond Team at Supreme Lending for not checking everything.....I guess they are not held accountable for the numbers....
The real estate company needs to pay more attention to their accounts!
I had situation many years ago when a loan officer claimed to have paid for an appraisal. He needed to get money from me. He wanted to meet me at an ATM. When I refused, he threatened to camp out in front of my house until I paid him.
I called his supervisor and the supervisor told me that he was fired 2 weeks prior and didn't work for him anymore.
Be wary of this situation.
On the other hand, I have seen escrows close in which the back property taxes were not paid. The title company skipped out with the check. So, it is possible for escrow companies to screw up.
As Ed and Lori pointed out, was the original check ever cashed? Proceed with caution and do the right thing.
CA DRE 01775528
I agree with Doug E. this is strange since all monies should have been accounted for at the close of escrow. The earnest money deposit is the first of your money to go to escrow (within 3 days after acceptance) and you or your agent should have received an receipt for the funds. Ask escrow to send you a copy of the receipt or it may be in your closing package.
Look a bit further and ask questions, this smells a bit.
Brian Wilson, Realtor