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#1
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Forced into closingWhat is the name of your state? Suffolk County, NY Last Tuesday my kids were doing a "walk thru" just prior to going to closing. Water was coming out the front door of the house. It's a ranch. Pipes burst, all rooms flooded. No closing took place. Seller offered an oral $5000 buy out which was accepted via son's lawyer. Now seller (via broker) says pipes have been repaired and the deal is still on. My kids don't want this house. There is no money for long legal battles. Do my kids have any recourse? Please someone, help! Thanks, Ann |
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#2
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Re: Forced into closingQuote:
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#3
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Re: Re: Forced into closingQuote:
![]() Ann |
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#4
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Re: Re: Re: Forced into closingQuote:
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#5
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Re: Re: Re: Re: Forced into closingQuote:
![]() Thanks, HG. Will update as the saga unfolds (if that's okay) to perhaps help others. Ann |
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#6
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Re: Re: Re: Re: Re: Forced into closingQuote:
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#7
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| Betcha the sellers had the heat turned off to save money (is the house vacant?). Penney wise and pound foolish. Subfloors and such could be damaged. They should NOT close (should they decide they want the house) until a thorough examination has taken place by a qualified contractor/engineer. Odds are systems are damaged too.
__________________ Adoptive parents ARE "real" parents. Sharing genes is not what makes you a "parent"! |
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#8
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| Yes, a licensed plumbing contractor and a home inspector should be hired to check things out. |
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#9
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No subflooring - concrete slab - which now could be more than compromised. Possibility of mold, mildew. Oldest child has asthma. Kids don't want this house! They've put a binder on another. Lawyer is still in Florida and won't be back until at least Thurs. I told my son that when he speaks with his lawyer he should tell him that he wants to be made whole (I watch TV ). He's very intimidated and feels they can still railroad him into taking damaged goods. Meanwhile, his wife has Lupus and their youngest son has insulin dependent diabetes. Tensions are running high.Thank you so much for your response. Will keep you posted. Ann |
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#10
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The pipes burst. Why can't my kids just walk away from this? Sorry. Just venting. Thanks HG. Hugs, Ann |
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#11
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Last edited by HomeGuru; 01-21-2004 at 09:01 PM. |
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#12
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Also, contract stipulated that closing was to be on or about 30 days after signing. Signing was Oct. 15. Closing was to have been Jan. 13. I see breech here. Post flood, seller's lawyer offered son's lawyer a $5000 buy out. Son accepted. All verbal. Lawyer is still in Fla. His paralegal is telling my son that *now* the seller is willing to release the money being held in escrow, but will not pay any damages incurred by my son (about $1,500 in legal fees, title search, engineering report, etc.). I know, I know ... wait for the lawyer! It's just hard to see my kids living out of boxes and trying to deal with their asthmatic 7 yr. old and insulin dependent 3 yr. old. As the "Mom" and "Nana", I just wanna make it all better.Thanks again for listening. Hugs, Ann |
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#13
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| Au contraire! The costs incurred by the seller were NOT "caused" by your son. They were caused by the seller's failure to maintain the property in the same condition in which he sold it. Had he done that, your son was more than willing to close. The "costs" of such things as an engineers report, title search etc are a direct cost that the seller would be incurring because of the circumstances. First, the title update would be needed no matter WHO bought and may be applied to a different owner's policy. No policy was issued, so the policy portion of the title costs should be cancellable (in our market, we just do a buyer name search and update the search for the interveneing month or two if the first deal dies, and the cost to plug in a different buyer is no more than $75). The engineering report is a cost that the condition of the property generated, not your son. Have your son sit tight and advise them his attorney will be getting back to them. This is NOT the "same" house they put the offer on.
__________________ Adoptive parents ARE "real" parents. Sharing genes is not what makes you a "parent"! |
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#14
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My hubby is gonna talk with my son later on and advise him to a) wait for his lawyer to return, and b) make them a counter offer of say $3500 (plus the return of the escrow). To our way of thinking, this will give "wiggle room" for negotiating and my son stands a chance of walking away "whole". We feel that morally and ethically, he should be made whole. Whether or not he can be, legally, without tying things up in a lengthy, expensive legal action remains to be seen. Kids can't afford it, we can't help, neither can the in-laws. I thank you so much for your advice and I'm very grateful for this forum. Hugs, Ann PS Re.: your signature .... As a birthmother, I completely agree with you. I pray my b'son was lucky enough to have parents like you. God bless. ![]() |
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