Our real estate agent took money for FHA required home repairs but six months after the closing, the repairs still aren't done. Are we liable?

Asked by Sick Of Selling, 45344 Fri Sep 25, 2009

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Mark Ryan-Mark Ryan Group’s answer
Mark Ryan-Ma…, Agent, Centerville, OH
Fri Sep 25, 2009
This sounds very strange... not sure why an agent would EVER take money for work to be done? I would contact the broker and see if you can get to the bottom of this. Had it been a few days I would not be as concerned... given it is months... something sounds fishy to me...
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Kawain Payne, Agent, Seal Beach, CA
Sun May 5, 2013
How did your agent get the funds?

This is something I have never heard of.

Are you saying agent took part of your loan proceeds?

If so, then you need to contact an attorney, as you have a very strange situation going on here.

I hope you have a good resolution!
Kawain Payne, Realtor
Prudential California Realty
0 votes
James Gordon…, Agent, Hamilton, OH
Fri Sep 25, 2009
Sick did the agent take the money or was the money placed in an escrow account with the title company for repairs to be completed after the sale? The traditional way is for repair money to be placed into escrow. If the agent took the money call the police!
Web Reference:  http://www.Find1Home.com
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