613,494
Unless you have all the above documented in writing, you are fighting an uphill battle. Banks have deep pockets and this does not sound like a case that that an attorney would want on a contingency.
I have a Realtor friend who had a client that hired an attorney and sued a bank...the bank never responded...at all...to anyone. Ever.
Sorry, I can't recommend an attorney, but if documented, you may be able to file a complaint with the state. (dept of finance)
Eve
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Evelyn Johnston
Elkhart, IN
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Ryan Huggins - Thousan...
Thousand Oaks, CA
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Fred Griffin Florida R...
Tallahassee, FL
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Barbara Todaro
Franklin, MA
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Brenda J. Andrew
Willis, TX
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Kartik Subramaniam
Rancho Cucamonga, CA
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Nina Hollander, Broker
Charlotte, NC
5,117,178
Unless all of this was in writing I don't think you'll get too far. And who was "asleep" at the switch not making sure that there was a firm commitment with terms in writing prior to the end of the financing contingency date?
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Bob "RealMan" Timm
Minot, ND
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Ryan Huggins - Thousan...
Thousand Oaks, CA
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Fred Griffin Florida R...
Tallahassee, FL
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Diana Zaccaro Broker A...
Cocoa Beach, FL
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Brenda J. Andrew
Willis, TX
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Kartik Subramaniam
Rancho Cucamonga, CA
6,426,149
Sorry to hear this Kathy, I hope you find someone who can help with this situation.
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Brenda J. Andrew
Willis, TX
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Kartik Subramaniam
Rancho Cucamonga, CA
1,507,073
Kathy, I wish you the best of luck. One thing I've learned in the last year, is that the contingency dates are not set in stone and you don't HAVE to remove them. I've had loan contingencies go until the day before escrow closed (and it closed two weeks late) because of the bank's last minute delays and paperwork requests. I refuse to remove loan contingencies before the loan is in hand. My lenders even tell me "don't remove them until I tell you to!"
Like others have said, you need everything in writing otherwise you won't get anywhere and if YOU said "we're at day 21 and need to remove the contingency now" you're putting the crosshairs on your head. I had a deal close recently where the buyer's agent removed all contingencies while the bank was still trying to secure the loan. That was a HUGE mistake on his part and he would have had to refund the buyer's 3% EMD on a $1.1m house if it fell out. Thankfully they ended up getting the loan and all was good.
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Pete Xavier
Pacific Palisades, CA
1,093,547
Check with the Legal Hotline...they are a good resource and can tell you how to proceed.
To sue a bank would be a long, expensive process IF you can even find an attorney willing to take such a case. And there may be something buried in the fine print on the docs that protects the bank in such instances.
You can also call your local Bar Association office and ask for names of attorneys who can do a consult for you...review the documents and let you know what, if any, recourse is available to you.
Good luck and post how it turns out.!
P.S. Love Key Largo and Islamorada...haven't been there in years but it is a beautiful area.
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Fred Griffin Florida R...
Tallahassee, FL
2,073,610
I would follow Barbara's advice to follow Eve's advice.
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Fred Griffin Florida R...
Tallahassee, FL
5,583,328
if I were you, I'd follow Eve's advice....
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Fred Griffin Florida R...
Tallahassee, FL
5,063,430
I'd listen to Mike & Eve Alexander . Or perhaps file a formal complaint. Attorney General?
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Fred Griffin Florida R...
Tallahassee, FL
1,728,867
Good luck on this. I had a similar situation with TD Bank and they were the pits! Now we have an EDO in the works.
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Fred Griffin Florida R...
Tallahassee, FL
518,897
I'm with Bob Crane on this one. See if there is another lender that can get it done, or talk to the seller's agent and explain the situation. Let them know the buyers provided everything as soon as it was asked for and show proof if necessary. The ultimate goal is to the the transaction closed and continue moving forward as long as that is what the buyer and seller want. Good luck and would love to hear the ending of this one!
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Fred Griffin Florida R...
Tallahassee, FL
2,443,250
Good luck, the bank will have GREAT Attorney's too. Change Lenders?
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Larry Johnston
Elkhart, IN
3,988,013
1,683,912
7,871,821
3,071,589
4,319,873
1,157,791
Your state's bar association should have a legal referral line for the type of legal services you require.
3,986,308
5,773,367
Kathy,
I am not so sure that someone will take the case even if you have it documented. A bank has more legal resources and money to fight with, than an individual...A
2,403,205
902,538
I think you should rather focus on mitigating the potential loss that you say your clients stand to sustain.
4,800,132
Wow, this is a tough situation. I think they will have a difficult time with this. Sorry, but I don't know a litigator who could help.
1,242,204