Home Buying in Mission Viejo>Question Details

Dawn, Home Buyer in Mission Viejo, CA

We are buying a home and it's already in escrow. We have paid for the inspection, repair, apprasal etc... and

Asked by Dawn, Mission Viejo, CA Fri Jan 23, 2009

the loan paper work is in place. All of a suddent we found out that the seller is putting the house back to the market again ( one more week and escrow closes ). Are they supposed to do that? and why?

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Answers

8
You need to find out if you are out of compliance with the contract. Perhaps the seller requested contingencies to be removed, and your agent did not relay this information to you. If your agent was issued a Notice to Perform and you did not perform, then you may have a problem.

Read your purchase contract. Find out when the contingency removal dates were and call your agent and/or the agent's broker.

I do quite a bit of work in the Mission Viejo area, I graduated from Trabuco Hills High School! You have found a fantastic community to live in. Good luck.
1 vote Thank Flag Link Fri Jan 23, 2009
Hopefully you are closed.
0 votes Thank Flag Link Mon Jul 13, 2009
It has been almost a month since you posted this question - did your escrow close?
Web Reference: http://BobPhillips.net
0 votes Thank Flag Link Thu Feb 19, 2009
Makes me wonder if this is a Short Sale. They will take offers right up to close, hoping to get a better deal. They don't care about who you are or what you have done already, it comes down to what they get from it.
Your agent or the broker for your side should be jumping in on this to find out what is going on.
Best of luck with everything!
0 votes Thank Flag Link Wed Feb 18, 2009
Dawn,

Both Ellen and Steve are correct. Call your Realtor ASAP and if your agent doesn't respond, contact your agent's Broker.

Thom Colby
Broker & Realtor
Orange County, CA
1-800-SELL-NOW
http://www.1800SellNow.com
Web Reference: http://www.thomcolby.com
0 votes Thank Flag Link Fri Jan 23, 2009
WOW, why even bother if house is sold with week remaining . YOU can sue for breach of contract if you are not in default of executed contract between buyer/seller. Seller should be reminded of terms in contract they are held per agreement signed. Speak with your realtor.

My only thought is IF LISTING AGENT is only trying to increase sales by continue marketing of the home for their obtain potential buyers for other properties.
Web Reference: http://www.lynn911.com
0 votes Thank Flag Link Fri Jan 23, 2009
Dawn, Ellen dead on with her suggestion: This topic is really something you should be talking about with your Agent. Nobody in this forum knows the house, what the Seller's motivation may be, or any other pertinent details.

-Steve
0 votes Thank Flag Link Fri Jan 23, 2009
Dawn,
Call your real estate agent and speak to him or her about this. If you are in escrow and all contingencies have been removed, this would seem unlikely.
Ellen Bosworth
0 votes Thank Flag Link Fri Jan 23, 2009
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