A
alerca
Guest
What is the name of your state? California
The seller cancelled escrow because we didn't make the stated closing date. The funny thing is, we were waiting for him to perform at that time. It took him a month to even approve the appraisals (3 appraisals - two of ours and then we let him use his appraiser who couldn't come up any higher). By the time he approved the appraised price, it was already 15 days after the stated close date. After that, the inspection, repairs, walk-thru, and loan approval took place. By the time loan docs were signed, it was almost three months after the stated close date. The seller waited until hours away from funding to cancel. I was not notified until the next day, and was never warned. My realtor's risk management co. advised me (almost 3 weeks later) to request the funds from escrow, but they will not disburse them until the seller signs for approval. Neither my agent, the risk management co., nor the selling agent can get in touch with the seller for the signature. I can't get my money, I've lost time, and real estate prices have increased above my ability to buy. What can I do? It has been 5 weeks since the "cancellation" and no one has really done anything. We signed to handle disputes through arbitration, but I have been trying to follow the lead of my realtor and risk management, and we have gotten nowhere. How can I handle this myself, or can I? I do not know where to start and doubt that I can afford an attorney. They have my money.
The seller cancelled escrow because we didn't make the stated closing date. The funny thing is, we were waiting for him to perform at that time. It took him a month to even approve the appraisals (3 appraisals - two of ours and then we let him use his appraiser who couldn't come up any higher). By the time he approved the appraised price, it was already 15 days after the stated close date. After that, the inspection, repairs, walk-thru, and loan approval took place. By the time loan docs were signed, it was almost three months after the stated close date. The seller waited until hours away from funding to cancel. I was not notified until the next day, and was never warned. My realtor's risk management co. advised me (almost 3 weeks later) to request the funds from escrow, but they will not disburse them until the seller signs for approval. Neither my agent, the risk management co., nor the selling agent can get in touch with the seller for the signature. I can't get my money, I've lost time, and real estate prices have increased above my ability to buy. What can I do? It has been 5 weeks since the "cancellation" and no one has really done anything. We signed to handle disputes through arbitration, but I have been trying to follow the lead of my realtor and risk management, and we have gotten nowhere. How can I handle this myself, or can I? I do not know where to start and doubt that I can afford an attorney. They have my money.
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