After well over a month of the mortgage company working on financing, they somehow have the wrong property description - including parcels not included in the property and leaving out others that are in.Buying and selling property these days is much more time-consuming if cash is not exchanged. The hoops for mortgages are onerous. I get called for employment verifications all the time. They usually end up calling 3 or 4 times over the period of time that the loan process takes for each person. It used to be once and very rarely twice.
The real estate agent for the buyer was so bad he has been fired. I think his broker knew if we reported some of the things her agent had done, she might have gone down with him.Real estate agent, loan officer, underwriters, bank employee that fills in for loan officer while they go on vacation, etc. A mistake by one is like whispering words to one person after another in a circle.
By filing intent to cancel, they have 3 business days starting tomorrow before cancellation takes place. I told the broker who is now acting as their agent, if they can resolve the issue within the next 3 days without it costing me any legal fees, I will go to settlement. All 5 parcels must be included in the sale, no gifting to get around an FHA regulation, etc.What is the next option for you? Is the buyer still interested?
I really just want them to go away. The buyer and I could sit down with an attorney and quickly resolve any issues; in fact, we have no issues. There are just too many incompetent people muddling things up. The one piece for me that kills the deal is the 1 parcel in question is probably the hardest one to sell as a standalone property. It needs to be sold as part of the larger property.How disappointing for both you and the buyer!
Do you have plans to report the broker? I believe I would since it cost you and the potential buyer a lot of time and money. I would be looking into the possibility of filing an incompetence suit also.