Asked by Chito, Colton, CA • Sun Dec 4, 2011
Scenario- We bid on a standard flipper house Monday, Nov.21. The next day, late afternoon, the seller counter bid on a much higher price saying we have until the following day up to midnight to accept and that even if we use an outside mortgage company we have to be pre-qualified by them. The next day, we visited the home once more with our broker and right there and then accepted their counter offer and gave all our supporting papers of pre-qualifying and the DU Underwriting Findings approval of our loan. Broker submitted all requirements by 7pm the same day, well before the midnight deadline. Thanksgiving came, offices closed. Monday, we, my agent, my broker called them up. They say, Steve Rugg is not in but not to worry. Tuesday our broker called the lady who is pre-qualifying clients. Lady said, we're good to go, everything is A-OK but still waiting for this Steve Rugg who is not in office. Next day, Steve Rugg emailed my broker stating that he gave it to another buyer. Illegal?
Real Estate in Colton
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