Asked by Echo Liu, Westlake, Daly City, CA • Sun May 5, 2013
Seller is asking the compensate due to delay of escrow closing. Escrow close date is March 30 and today is may 5th. The delay is mostly bought on by the seller's title company, appraiser making several mistakes and lender's additional review causing us a 3 week delay. Seller claim the delay is going to let him face the penalty of his purch of new house and reject to sign extention unless we compensate him. but both buyer and seller have signed closing escrow documents, and it going to recode on May 6th. what will happen, if the buyer doesn't agree to pay seller's compensate?
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