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| Buying & Selling Property Buying and selling real estate property. |
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#1 |
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I had a short sale pending on my house with my mortgage company and an investor. I was able to work a payment plan with my mortgage company and they declined the short sale. Now, my real estate agent is suing me because he states I broke the contract. Is there anything I can do?
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#2 |
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What part does he say you broke; what damages does he want?
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#3 |
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He states that he had earned his Broker's fee because we had signed a short sale contract and were waiting on the mortgage company's approval. The mortgage company's short sale policy clearly states that they will not approve a short sale unless there are multiple offers pending. Another reason they didn't approve it was becasue we could pay a portion of the money back owed to the mortgage company and pay the rest over a period of time with a payment plan.
He wants us to pay him his portion of the comission plus interests and court costs, close to $4000. |
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#4 |
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Normally he would not get paid under those circumstances. Contact the mortg broker licensing board for clarification or to help resolve the dispute if need be.
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