1,543,225
I see the best in people and the scum of the Earth in this business. Thank God more good than bad; but some "people" just need a short walk in the woods with a click click boom.
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PropertyMinder (Accele...
San Jose, CA
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Sandy Padula & Norm Pa...
, CA
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Nina Hollander, Broker
Charlotte, NC
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Lyn Sims
Schaumburg, IL
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Gloria Valvasori, Accr...
Mississauga, ON
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Debe Maxwell, CRS
Charlotte, NC
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Diana Dahlberg
Pleasant Prairie, WI
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Candice A. Donofrio
Fort Mohave, AZ
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Thomas J. Nelson, REAL...
La Jolla, CA
1,052,056
OMG, WAIT. Seriously? Did you see the details of the story?
The buyers were so unqualified they had to have credit repair done before they could even qualify. 3 months is not long enough for that.
So the sellers allowed unqualified buyers not only to get under contract but to prepossess? Why didn't they get a huge down payment or deposit?
But that's even beside the point. Why were these buyers allowed to get under contract in the first place?
"The information was not made available to them"? Of course it's available. Why wasn't it known?
Yeah, they caused damage.
But this was all so preventable.
To answer:
Both Brokers get turned upside down to see how deep the pockets are. Buyer's broker because I don't know how CO is, but AZ they have to disclose anything material that would impede the sale. Lombardo v Albu 2000.
Seller's broker should have protected seller from making that dumb choice. Attorneys should have been involved.
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PropertyMinder (Accele...
San Jose, CA
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Sharon Altier
Elmhurst, IL
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Lyn Sims
Schaumburg, IL
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Gloria Valvasori, Accr...
Mississauga, ON
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Kat Palmiotti
Kalispell, MT
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Fred Griffin Florida R...
Tallahassee, FL
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Candice A. Donofrio
Fort Mohave, AZ
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Debe Maxwell, CRS
Charlotte, NC
5,228,997
Disgusting, I know...
Encouraging sellers to do a buyer possession before Closing is like going to Vegas!
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PropertyMinder (Accele...
San Jose, CA
-
Kathleen Daniels, Prob...
San Jose, CA
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Nina Hollander, Broker
Charlotte, NC
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Peter Testa
Danbury, CT
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Lyn Sims
Schaumburg, IL
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Fred Griffin Florida R...
Tallahassee, FL
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Candice A. Donofrio
Fort Mohave, AZ
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Michael Jacobs
Pasadena, CA
1,844,171
Just another great reason for no possession before you close. I had a scam situation like this last year & seller & I decided that once you got the buyers in the house, how to get them out? We watched as they trashed a house down the street & 3 months later did not close. They were eventually evicted. The sellers agent on the other property called to ask me what I thought & I told him to leave the buyers at the curb. There is something going on & the buyers agent is in on it.
We eventually closed with someone else. Dodged a bullet that is for sure.
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PropertyMinder (Accele...
San Jose, CA
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Kathleen Daniels, Prob...
San Jose, CA
-
Candice A. Donofrio
Fort Mohave, AZ
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Richard Bazinet /MBA, ...
Scottsdale, AZ
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Nina Hollander, Broker
Charlotte, NC
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Peter Testa
Danbury, CT
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Debe Maxwell, CRS
Charlotte, NC
2,684,009
I hope those Realtors had atttorneys draft the sales contract and the lease. Everyone is going to get dragged into that lawsuit, including the lender and the brokers.
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John Pusa
Glendale, CA
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Richard Bazinet /MBA, ...
Scottsdale, AZ
-
Nina Hollander, Broker
Charlotte, NC
-
Lyn Sims
Schaumburg, IL
-
Debe Maxwell, CRS
Charlotte, NC
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Candice A. Donofrio
Fort Mohave, AZ
5,104,806
I think anyone they can find who had a hand or even a pinky involvement in this will be caught up in a law suit.
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PropertyMinder (Accele...
San Jose, CA
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John Pusa
Glendale, CA
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Fred Griffin Florida R...
Tallahassee, FL
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Richard Bazinet /MBA, ...
Scottsdale, AZ
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Debe Maxwell, CRS
Charlotte, NC
6,392,879
Wow, some folks should be looking for a barn rather than a house.
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Lyn Sims
Schaumburg, IL
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Gloria Valvasori, Accr...
Mississauga, ON
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Bob Crane
Stevens Point, WI
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Fred Griffin Florida R...
Tallahassee, FL
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Debe Maxwell, CRS
Charlotte, NC
3,416,038
Most likely as the listing agent should have done a lot of things different. First personally contacted the loan officer for a full write up and explanation of the pre qual. I would have insisted on a pre approval. NEXT a very large non refundable deposit. LASTLY, I would have insisted on a tenants insurance policy. I would also make sure I told my seller to get insurance for landlords.
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Richard Bazinet /MBA, ...
Scottsdale, AZ
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Nina Hollander, Broker
Charlotte, NC
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Debe Maxwell, CRS
Charlotte, NC
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Lyn Sims
Schaumburg, IL
4,160,025
Debe Maxwell, CRS strange things happen everywhere.
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Nina Hollander, Broker
Charlotte, NC
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Peter Testa
Danbury, CT
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Fred Griffin Florida R...
Tallahassee, FL
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Debe Maxwell, CRS
Charlotte, NC
4,571,456
Watch the evening news(anytime/any day I imagine) and you'll discover all sorts of things.
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Nina Hollander, Broker
Charlotte, NC
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Bob Crane
Stevens Point, WI
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Fred Griffin Florida R...
Tallahassee, FL
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Debe Maxwell, CRS
Charlotte, NC
5,583,278
in my opinion, every rental has the potential of being a "crap shoot" and a "shit show".... no pun intended....
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PropertyMinder (Accele...
San Jose, CA
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Debe Maxwell, CRS
Charlotte, NC
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Candice A. Donofrio
Fort Mohave, AZ
3,344,906
Oh yes ... and the realtor who claims it is the lender's role to approve the loan ... that might be true however .... the Realtors job is to get the fact of the loan and "vet" the buyers. This is WHY buyers on my listings are asked to be vetted by my lending partner.
Yes, there will be more than one lawsuit on this one. Realtors/brokerages prepare to ante up on this one!
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PropertyMinder (Accele...
San Jose, CA
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Roy Kelley
Gaithersburg, MD
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Debe Maxwell, CRS
Charlotte, NC
716,049
OMG, I just can't believe it.... what in the name of *** is wrong with people?????
My heart goes out to the young couple. OMG, yes, sue the buyer, sue the buyer-agent, sue the listing agent too (I'll say why later), sue the lender, sue the brokerages... hell, sue the insurance company (ies).
Pre-occupancy agreements are a danger-zone to start with and how agents write the contracts. It takes experience and skill. The best answer is always 'no', no pre-occupancy agreement - they are fraught with danger.
In this case, I see pure negligence. Negligence especially from the listing agent. Negligence from negotiating the contract in its entirety, conducting due diligence on the lender affidavits, the buyer's background research, follow-up, their ability to buy a home, and writing a stinky lousy pre-occupancy agreement.
Sue the buyer-agent for bringing a lousy buyer without doing an appropriate background check of it's own buyer. What do you know about your client? Sue the buyer.... go for not only damages, also for emotional distress....
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Candice A. Donofrio
Fort Mohave, AZ
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Fred Griffin Florida R...
Tallahassee, FL
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Debe Maxwell, CRS
Charlotte, NC
3,071,489
Probably - although chance of recovery is slim...
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Peter Testa
Danbury, CT
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Debe Maxwell, CRS
Charlotte, NC
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Lyn Sims
Schaumburg, IL
2,220,323
That's horrible
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Debe Maxwell, CRS
Charlotte, NC
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Anthony Acosta - ALLAT...
Atlanta, GA
4,881,462
Very sad.
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Roy Kelley
Gaithersburg, MD
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Debe Maxwell, CRS
Charlotte, NC
1,153,794
A preapproval with a clause to attend a class to improve your credit score should have been the 1st red flag. I hope these agents aren't the ones who've "graduated" from a Utah real estate school. Everybody's getting sued!
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Roy Kelley
Gaithersburg, MD
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Debe Maxwell, CRS
Charlotte, NC
757,885
There's a lot of people out there that will suck others dry given the chance. While there are many responsible renters there are always a few bad apples. These folks got mixed up with the wrong people. I see the biggest mistake made here was not running the buyer's credit or ignoring the results; the writing was on the wall. None the less the sellers only recourse now is to sue for damages. Unfortunately the kind of people that do this kind of stuff also ignore the court judgement & rarely to ever pay up.
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John Pusa
Glendale, CA
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Debe Maxwell, CRS
Charlotte, NC
4,800,082
If they can catch these slime balls.
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Roy Kelley
Gaithersburg, MD
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Debe Maxwell, CRS
Charlotte, NC
577,750
Both agents should be accountable... for different reasons... It is required that any information relevant to the sale is to be disclosed... I see two agents in "deep doo doo" here.
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Roy Kelley
Gaithersburg, MD
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Debe Maxwell, CRS
Charlotte, NC
5,215,388
You can sue, but from the facts it appears you can't squeezw blood out of a turnip! The Realtors dropped the ball but unlikely to face legal liability. The seller is screwed and rent to buy just took a hard blow!
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Richard Bazinet /MBA, ...
Scottsdale, AZ
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Debe Maxwell, CRS
Charlotte, NC
921,504
When the charlaton and the predator meet each ohter,......It is the thing of which "I can't believe that!" movies are made.
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Lyn Sims
Schaumburg, IL
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Debe Maxwell, CRS
Charlotte, NC
1,513,143
It will be a money maker for the attorneys and a pain in the arse for the others!
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Roy Kelley
Gaithersburg, MD
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Debe Maxwell, CRS
Charlotte, NC
2,435,649
More than one party is going to be sued.
What a horrible situation. Wow.
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Lyn Sims
Schaumburg, IL
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Debe Maxwell, CRS
Charlotte, NC
519,324
Everyone will get sued, but since the buyers are broke, they won't be hurt much. The agents will be put through hell and the lender will say, "they didn't do what they were told." All I can say is what a mess, literally.
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Fred Griffin Florida R...
Tallahassee, FL
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Debe Maxwell, CRS
Charlotte, NC
1,622,432
Well, looks like they all ''found each other'' for this deal.
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Candice A. Donofrio
Fort Mohave, AZ
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Debe Maxwell, CRS
Charlotte, NC
4,319,419
Debe Maxwell, CRS - very sad story!
I just don't know how to proceed legally on this.
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Roy Kelley
Gaithersburg, MD
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Debe Maxwell, CRS
Charlotte, NC
5,772,575
Debe,
We are on the same page as Michael Jacobs. We don't watch the evening, morning or any other news feeds. We have the Reuters feed, from which most news are gleaned...A
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Roy Kelley
Gaithersburg, MD
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Debe Maxwell, CRS
Charlotte, NC
1,239,801
I would think so....
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Fred Griffin Florida R...
Tallahassee, FL
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Debe Maxwell, CRS
Charlotte, NC
5,048,708
Ugh, what an awful story.
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Fred Griffin Florida R...
Tallahassee, FL
-
Debe Maxwell, CRS
Charlotte, NC
3,986,258
They could but there is no solid resaon always to be sued
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Debe Maxwell, CRS
Charlotte, NC
1,574,666
Really crappy... someone's E&O premiums will be going up!
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Debe Maxwell, CRS
Charlotte, NC
3,988,007
I am sure there is an attorney somewhere chasing them down to encourage a lawsuit. That is disgusting behavior and has no place in business.
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Debe Maxwell, CRS
Charlotte, NC
259,317
WOW,,,,,,,,,,,,,,,,,,,,,,,, looks like a lot of balls were dropped..
One more reason to NOT to preoccupancy ...
Sad...
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Debe Maxwell, CRS
Charlotte, NC
399,703
!!! (I rarely allow emoticons/emojis to speak for me - but I have no words for this). - Tim
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Debe Maxwell, CRS
Charlotte, NC
417,071
I looked up the house. New tract sold for $349100 with no yard 2/2015. Still has no yard. $450000 was a huge gain. Listing agent gave the Fisch couple BAD advice to allow buyer possession for three months for an unknown reason. The buyer could file BK, die, divorce, lose job... a terrible decision. The Fisch couple is partly to blame. Did they get landlord insurance- no they kept their owner-occupied policy so they aren't covered. They didn't get a large nonrefundable deposit and started a war with the young buyers. Lawsuit coming but buyer probably has nothing. The Fisch couple have a Go fund me account which might recoup a little. Best advice to them is to hurry and clean it up, patch the drywall with a Home Depot kit, paint, and new carpet. Then get it back on market with a better agent.
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Debe Maxwell, CRS
Charlotte, NC
1,725,896
A civil suit needs to be filed against all parties on the other side. Realtors, mortgage broker, mortgage company, and most importantly the buyers. Seems like most attorneys will be glad to assist on this one. The sad thing is even if a judgment is issued against the buyers, they most likely don't have a pot to piss in. Therefore the final court judgment I would seek would be one determining all defending parties to be jointly and severably liable, but damages will be most likely apportioned according to the percentage of liability and involvement.
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Debe Maxwell, CRS
Charlotte, NC
666,539
Debe ~ I hate, hate, hate pre-settlement occupancy and this case proves it. I am sure that several E & O policies will ultimately be tapped because of what happened. And it is just gross!
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Debe Maxwell, CRS
Charlotte, NC
92,082
I see a possible potential for more than 1 being sued, to include the "buyers", and possibly both agents (and brokers)... Of course anyone can sue anybody for anything... but it's up to the courts to weed it out...
I feel sorry for the people who owned the home.
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Debe Maxwell, CRS
Charlotte, NC
7,834,939
4,434,127
5,868,372
Wow, I did not hear about this one. We have another HUGE deal happening in Denver right now. Over 300 homes were sold as a regular sale, when they are in an affordable housing section. The City is trying to figure out what to do, and will be interesting to see what happens. Two REALTORS have already been served.