Ok, Senior Members: Procurring cause question

[nextwife]

What is the name of your state? WI

Situation:

• Wife sees sign, views house with a broker she calls on floor time.
  
• Husband then sees house with a different broker, different firm, he knows from softball, and decides they will write offer through him. Husband and wife have each viewed the house through different companies and there is a dispute over commission.

Husband feels the wifes prior viewing of house has no bearing on HIS procurring cause or his buddy getting commission, since he and wife both were "introduced" to the house by seeing the sign (yet a third firm).

 

[seniorjudge]

Husband is wrong.

 

[nextwife]

Husband is wrong.

LOL! I agree. Hubby is old school - evidentally he doesn't think wife has any financial say-so, thus her using a broker shouldn't affect HIM. He deliberately brought in a different broker, kind of a "I will choose, not you" sort of act..

 

[HomeGuru]

What is the name of your state? WI

Situation:

• Wife sees sign, views house with a broker she calls on floor time.
  
• Husband then sees house with a different broker, different firm, he knows from softball, and decides they will write offer through him. Husband and wife have each viewed the house through different companies and there is a dispute over commission.

Husband feels the wifes prior viewing of house has no bearing on HIS procurring cause or his buddy getting commission, since he and wife both were "introduced" to the house by seeing the sign (yet a third firm).

**A: actually the commission at closing goes to the husbands broker but the wife's broker can sue for commission and get some $$$$ too.

 

[seniorjudge]

I thought procuring violated local taboos.

 

[HomeGuru]

I thought procuring violated local taboos.

**A: it does, even the sweetest taboo. But if the deal is in escrow the wife's broker needs to litigate or put an estoppel in escrow.

 

[nextwife]

**A: it does, even the sweetest taboo. But if the deal is in escrow the wife's broker needs to litigate or put an estoppel in escrow.

WI does "table funding". We normally do not do escrow closings. So the broker checks are normally cut at closing, when the documents are executed and delivered.

 

[HomeGuru]

WI does "table funding". We normally do not do escrow closings. So the broker checks are normally cut at closing, when the documents are executed and delivered.

**A: table funding is a financing term and has nothing to do with a third party closing company such as escrow or closing attorney. Where is the disinterested third party closing entity in this case? I use table funding to sell a package of loans on the secondary market ie. Fannie, Freddie, or Wall Street as a direct lender mortgage banker.
Nexie, you are confusing yourself.