Home Buying in London>Question Details

jasmin_deol, Home Buyer in London, TX

why is it that when I went all the way to florida to sign for a house, which had been signed for by the?

Asked by jasmin_deol, London, TX Wed Nov 5, 2008

seller, paid loads of money renting accommadation, hiring a car etc the seller at the very last minute pulled out of the agreement? Plus I still haven't got my $2.5k deposit from the title company. How do get my money back, plus ensure this never happens to me again?
thanks

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4
Jasmin,

Sorry for the problem.
1. Typically you do not have to come to the closing in person, however you can go to US Embassy or Consulate to close. This may be easier and less expensive for you.
2. Not sure how the seller can pull out at the last minute. That would be unusual if you have a signed contract. You may want to get counsel involved if you wish to proceed with the purchase.
3. Sometimes it can be tough to get the money back from title company. Here in Texas we must now get the seller to sign a release or not respond to a demand letter before they will release it. Keep after them. Keep after your agent, and the title company to see what they can do to facilitate the return.
Web Reference: http://www.teamlynn.com
0 votes Thank Flag Link Wed Nov 5, 2008
Bruce Lynn, Real Estate Pro in Coppell, TX
MVP'08
Contact
Your buyers agent should be able to guide you through the process, if you did not get a buyer broker to represent you , you will now need to seek the advise of an attorney. The seller can not just back out of a contract, was there a reason? did they have a legal right to do so? did you violate a part of the contract? without having a copy of teh contract and knowing the details it is impossible to answer. You need to contact a lawyer, get them the contract and hopefully a detailed letter from the seller as to why they canceled the sale. You should also be able to contact the listing agent for answers as well.
Web Reference: http://www.ScottSellsNH.com
0 votes Thank Flag Link Wed Nov 5, 2008
If you have a realtor, you may have the wrong one.
If you do not have a realtor, well, you will make mistakes again.
0 votes Thank Flag Link Wed Nov 5, 2008
Sorry to hear about this ordeal Jasmin. Did you have a Realtor represent you? Did the owner give a reason for backing out? YOu should write a demand letter to the title company for the earnest money and they will send you a form to sign, the seller has to sign it too.

To avoid this to never happen is to make sure that you Realtor does due dilligence and finds out the motivation of the homeonwer. But really without knowing explicit details, we can't give you more advice as to how to avoid this to happen.

Naima
Web Reference: http://www.sumnerrealty.com
0 votes Thank Flag Link Wed Nov 5, 2008
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