Asked by Jeff, • Mon Feb 6, 2012
My wife and I are in the process of buying our first house and it is being sold through a relocation company, SIRVA. We set a closing date at about 50 days after our offer was accepted. SIRVA has dragged it's feet for 3 weeks and has given us a contract with some suspicious clauses. One is for an arbitration agreement that I would expect from a large company. The second is a penalty of 1.5% of the cost of the house per month for any delays on closings. We found this clause to be ridiculous and have asked for it to be removed citing that they delayed the process and now have left us with little time to properly secure the mortgage. They are dragging their feet again and our closing date is fast approaching. We do not want to delay the closing as we must be out of our apartment by then or have a hefty financial burden put on us. My question is has anyone had experiences like this with SIRVA before and what could we expect from them?
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