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| Grumpy Old Pharts Board Gerritol, Ex-Lax, Immodium, Bad Breath - all requirements for the Grumpy Board |
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04-30-2007, 08:58 PM
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#1
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What was that!?!
Join Date: May 2005
Location: East Kingston, NH
Posts: 3,108
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i wonder if its the same agent?
our agent just had a 30 minute vent to my girlfriend on how aggressivly rude this guy is. i feel bad for her that she has to deal with him and i can't believe this guy has a license..
are there rules or annual tests you have to pass to do this type of job.
i agree, a good agent is worth his weight in gold.... ill just leave it at that  |
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04-30-2007, 09:17 PM
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#2
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...
Join Date: Jan 2004
Location: MA/RI
Posts: 2,411
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If the closing date on the P&S is for tomorrow you'll need an extension for closing. Depending on your circumstances if there is no extension you may want to go to the closing tomorrow and get a time stamped on your P&S. This would proof that you were there and you did not breach your contract.
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05-01-2007, 04:46 AM
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#3
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What was that!?!
Join Date: May 2005
Location: East Kingston, NH
Posts: 3,108
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Quote:
Originally Posted by Redsoxticket
If the closing date on the P&S is for tomorrow you'll need an extension for closing. Depending on your circumstances if there is no extension you may want to go to the closing tomorrow and get a time stamped on your P&S. This would proof that you were there and you did not breach your contract.
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thats another thing... not to keep harping over this 
our lawyer (bank lawyer) explained it like if we don't make closing tomorrow err today... it's typically an inconvenience for the seller! and we will have to ask their permission to extend so we don't want to ruffle any feathers until the absolute last possible minute.
But it's their selling agent who's held us up this whole time. When it comes down to it really, it's their fault since they chose this waste.
Don't we have the money....? shouldn't WE be calling the shots? |
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05-01-2007, 06:54 AM
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#4
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Registered User
Join Date: May 2004
Location: South of Boston
Posts: 2,605
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Quote:
Originally Posted by MrHunters
thats another thing... not to keep harping over this
our lawyer (bank lawyer) explained it like if we don't make closing tomorrow err today... it's typically an inconvenience for the seller! and we will have to ask their permission to extend so we don't want to ruffle any feathers until the absolute last possible minute.
But it's their selling agent who's held us up this whole time. When it comes down to it really, it's their fault since they chose this waste.
Don't we have the money....? shouldn't WE be calling the shots? |
The bank lawyer should have been be involved heavily prior to this point. When I am representing the bank, I call the shots. I'll try my best to help the brokers and the parties with scheduling and do my best to make the closing as smooth as possible, but some times people have to inconvenienced. The bank lawyer should be all over the seller's broker. Also, is there somebody signing for the seller under Power of Attorney or was all this done by FedEx? |
The charm of fishing is that it is the pursuit of what is elusive but attainable, a perpetual series of occasions for hope. ~John Buchan
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05-01-2007, 07:17 AM
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#5
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What was that!?!
Join Date: May 2005
Location: East Kingston, NH
Posts: 3,108
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Quote:
Originally Posted by Bronko
The bank lawyer should have been be involved heavily prior to this point. When I am representing the bank, I call the shots. I'll try my best to help the brokers and the parties with scheduling and do my best to make the closing as smooth as possible, but some times people have to inconvenienced. The bank lawyer should be all over the seller's broker. Also, is there somebody signing for the seller under Power of Attorney or was all this done by FedEx?
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the selling agent is the temp power of attorney according to our lawyer...
isn't that some sort of conflict of interest? |
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05-01-2007, 07:31 AM
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#6
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Join Date: Jan 2004
Location: MA/RI
Posts: 2,411
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real estate agent is required to give you the Massachusetts "mandatory disclosure statement" upon your first encounter. There box that is checked on this form discloses the relationship you have with the agent. If you did not get or sign this form the agent would be in BIG trouble if you report it to the licensing board.
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05-01-2007, 07:36 AM
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#7
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What was that!?!
Join Date: May 2005
Location: East Kingston, NH
Posts: 3,108
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Quote:
Originally Posted by Redsoxticket
real estate agent is required to give you the Massachusetts "mandatory disclosure statement" upon your first encounter. There box that is checked on this form discloses the relationship you have with the agent. If you did not get or sign this form the agent would be in BIG trouble if you report it to the licensing board.
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i shall be looking through my papers.
it would be too bad if i didnt get that form  |
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05-01-2007, 07:55 AM
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#8
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Registered User
Join Date: May 2004
Location: South of Boston
Posts: 2,605
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Quote:
Originally Posted by MrHunters
the selling agent is the temp power of attorney according to our lawyer...
isn't that some sort of conflict of interest?
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It is done from time to time although frowned upon. Clearly the agent is receiving a financial benefit from the transaction so its always dicey to have him/her signing on behalf of the seller. I always recommend that the seller have an attorney or family member sign under limited power of attorney if possible. Also the bank attorney should carefully review the language in the POA to make sure that it is limited in scope as to this particular closing etc. |
The charm of fishing is that it is the pursuit of what is elusive but attainable, a perpetual series of occasions for hope. ~John Buchan
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