My New Blog

A while back, just prior to my family and I leaving for a vacation. a referral called me to list an home from his mother's estate.  He was was still doing final repairs on it so we decided to wait until the repairs were complete before starting our marketing.  This was going to be a very hot listing due to the location which is highly sought after, so I was looking forward to receiving multiple offers once we started our marketing.

Within a few days, and before my sign was on site, an agent saw the seller working on the house and said she had cash buyer for the house if he'd be willing to sell.  He told her to call me.  The buyer agent called me and submitted a cash offer which we eventually countered before coming to an agreement.  Shortly thereafter our family left for our annual Florida vacation.  I was due to be back just a few days prior to closing and without any lender issues, I assumed this would be a relatively pain free transaction.  I could not have been more wrong.

I was still on vacation when I received a call from my closing attorney to tell me that a lender had just called to get a copy of the title commitment.  What lender...this is a cash deal.  I immediately called the agent to see what she knew about this issue.  She said, "yeah, the buyer can pay cash, but he thought it might be better for tax purposes to use a loan."  I explained that we accepted her offer before we even placed the home on the market because it was a cash offer and we would not allow a lender to get involved at this point."  I told her that because the house had no floor coverings, no working plumbing, ancient electrical wiring, was in the flood plain and numerous other issues, a lender would never provide a loan on this home.  I told her, "no way" and she argued her point some more before hanging up on me.   

Then it was time for her lender to call me and argue the point.  By this time, they were disturbing my vacation far too much, so I told the lender she was not and would not be involved.  She began calling me every name in the book.  She was screaming so loud that my wife and son who were in the car with me could hear her rantings.  I decided to hang up and enjoy my vacation. 

Apparently the lender had not had enough.  she called my seller and began complaining about me and why she should be allowed to do the financing for this purchase.  My seller than called me to complain about the lender.  There seems to be a pattern here don't you think?  I advised him not to answer her calls anymore. 

Upon returning form my vacation, we did close it as a cash transaction.  My seller was elated...the other agent likely bought a voodoo doll and named it Guy. 

PS.  I've used used one closing attorney exclusively for about 5 years and he says I'm a magnet for crazy buyers, sellers and agents.  I'm starting to believe him.