Help Please?
Today my Husband and I went to closing, the first problem was the tilte comp/lawyer attempted to use the money provided by the seller to pay for cost that my bank already paid for as wel as not place the contribution on the HUD needless to say after I advised them I am a closing agent the hud was changes and reflected a 600 diff. in the contract we asked for a septic clearance letter and termite clearance letter. We got the termite but instead of the seller providing a clearance letter they got the septic tank pumped we walked away because we refuse to closed without the septic clearance letter. My realestate agent advised us they have the receipt from the comp that pumped the tank we did not feel comfortable and advised them to provide the clearance from the county or give us our earnest money back. Is this a breach of contract and what can we do because our realtor seems to be working for the seller and not us as she suppose to be a buying agent
With the details provided I would say if the seller didn’t provide the ‘letter’, they are in breach. Also your agent is walking a thin line on the Fiduciary owed you.
I would write a letter to the agent (cc the broker) calmly pointing out the facts and that you intend to seek all actions and remedies afforded you by contract and law.
Who should I talk to first about getting my money back?
My wife met a guy at a realestate seminar. At one of their "hook up with other investors" sessions she met a guy who seemded credible. He is from Utah -Bob Noxon-case you can look him up- , we are in Wisconsin. He had a house he was going to buy and flip for huge profit but needed a cash partner. After getting a contract written (w/o a lawyer) where he put up some stock as collateral – she wired him the cash ($60,000). She was promised 1% per month simple interest and the money back regardless of what happened with the house deal by April 1st. A few weeks ago he said that the house deal did not close because the seller tried to raise the price so my wife told him to send the money back because the deal was then over. She reached him a couple more times since then to get him to send the money back and he said that he would – but no wire transfer yet. Since last Friday we have not been able to reach him – his v-mail is full and he does not answer page’s to his cell or his e-mail.
Doesn’t your contract tell you what your remedies are? You need to contact the attorney that drew up the contract.
Austin Real Estate Broker Reminds First Time Homebuyer Tax Credit Expires
Austin Real Estate Agent Warns That $8000 Tax Credit is Set to Expire.
Austin real estate broker and author Kenn Renner reminds first time homebuyers that the $8000 federal tax credit will expire November 30th, 2009. In February 2009, President Obama signed into law the American Recover and Reinvestment Act of 2009. One of the key components of the act was the $8000 First Time Home Buyer Tax Credit. Basically, a gift from the federal government to be allocated to qualified first time homebuyers. The act has been received favorably by consumers, real estate professionals, and homebuilders. The National Association of Realtors recently reported that 53% of todays homebuyers are first timers. Experts give credit, in part, to the $8000 tax credit. Low interest rates and low prices have also played a big part in the home buying activity.
Buying a first home at the right time is always a good move, comments Kenn Renner, real estate expert with Keller Williams Realty. Homebuyers just need to realize that the tax gift is going away and that now is the time to take action, he added.
Just as the cash for clunkers program recently expired, the first time homebuyers tax credit is set to expire. The deadline is Monday, November 30th. This day is the Monday after the Thanksgiving Day Holidays. Title companies, escrow companies, and mortgage companies have been alerting the real estate community and their clientele to not wait until the last minute to close on a home as they will be overwhelmed with home buyers trying to beat the deadline.
I have heard some title companies mention they will need purchase contracts in by late October to ensure they have plenty of time to meet the deadline, Kenn explains. There is no grace period there is talk that the government may continue the program, but right now we cannot assume any date except the current deadline that is stated in the law.
In Austin, as in other cities, this has created a flurry of activity, even creating a sellers market in many markets in the first time homebuyer price range. Well priced properties in good areas under $200,000 are flying off the shelf, mentions Kenn. At this point, I have been encouraging home renters to consider purchasing the home they are currently renting. This has been a good strategy for all involved. Often times, the landlords are ready to sell and the buyers can get the $8000 credit and not have to move its a win-win!
Down payment assistance programs are being offered by many government agencies including county and state bond programs. Many programs are now available to first timers that combine the $8000 tax credit along with zero down and those with lower credit scores. This is a perfect opportunity to buy your first home with the help of government assistance.
Duration : 0:2:29
Villa Isla Vista- Pristine Vacation Villa in St. Thomas, US Virgin Islands
This is a slideshow with many photos and captions for this first rate vacation rental home in the US Virgin Islands. It is for rent through Real Solutions Real Estate, email vikirkboeger@gmail.com, or call 340-776-9792.
Duration : 0:5:34
First National Real Estate 2009-2010 property outlook for NSW, VIC, SA, TAS, QLD, NT, ACT & WA
First National Real Estate believe the property market has turned the corner after one of the most challenging years seen in quite some time. The upward trend is expected to continue throughout 2009, and strengthen as it gains momentum into 2010. First National Real Estate CEO, Ray Ellis.
Duration : 0:1:16
11880 65th Street, Mira Loma, CA
For more information about this property, please contact First Team Real Estate at 866-938-5812.
View all our videos at http://www.youtube.com/FirstTeamProperties
Company website http://www.firstteam.com
MLS ID: S595666
Single level 4 bedroom, pool home. Close to the 10,15,60, & 91 freeways and huge shopping centers. Fully approved short. Beautiful.Open MON 12 2
Duration : 0:1:21
665 Freeland CT Estes Park, CO 80517
See a Virtual Tour at: http://www.CirclePix.com/7AN5VB
Contact Seth Hanson, with First Colorado Realty Gmac, at 970-310-7498, for more information about this property.
Duration : 0:4:36
The Regal Tower (Dubai Business Bay) – Dubai Real Estate
Introducing The Regal Tower from Tameer. Designed to carefully address all your business needs, by bridging the gap between work and leisure. Located in the heart of Business Bay, The Regal Tower offers your business the perfect ambience amidst some of the biggest corporate organisations. And while Business Bay itself offers you unparalleled connectivity and an unmatched business advantage, The Regal Tower brings your business the advantage of being at the confluence of a business hop-over from east to west.
Your business’ growth depends on the work environment you cultivate. With today’s offices being more than just a workplace, ideas come to fruition only in the most conducive environments. The Regal Tower presents you with 265 offices spread over 32 floors, blending state-of-the-art amenities within its strategic location. While an elegant exterior finish creates a new business landmark, its interiors are complemented by the latest in interior design, facilities and fixtures to create a better work atmosphere. World-class quality is achieved only through attention to every minute detail and design that are sure to exceed your standards of expectation.
For more details Visit: http://www.tameer.net
Duration : 0:4:42
Understanding the First Time Home Buyer’s Tax Credit – CIR Realty Business Tip
The First Time Home Buyer’s Tax Credit can be a valuable tool to take advantage of the Calgary real estate market place. Laura Parsons with BMO takes us through the basics of the program and some creative options to utilize it.
This tip has been brought to you by CIR Realty (Calgary real estate brokerage). Featuring: Laura Parsons – BMO, Lindsey Smith – Corporate Training Manager.
For information on the Calgary real estate market, to search homes for sale, or to learn about the real estate training, support and systems that CIR Realty offers… please visit: http://www.cirrealty.ca
Become a fan on facebook: http://www.facebook.com/cirrealty
Follow Us on Twitter: http://twitter.com/CIR_Realty
Duration : 0:5:59
Unemployment Rate Drops, how does it translate to the real estate market?
On August 7th, the report on the July’s unemployment rate dropped for the first time in 15 months…news mention it is a sign of recovery. What do you think?
Duration : 0:4:0