that since he couldn’t get time he didn’t do what he said
into the house, the agreement he was going to do.
had been broken and he
wanted his money back from In the end, the house was
the escrow. I told him able to be cleaned out for less
someone would be right than $1500.00 but I’m not
over to let him in, but he said sure what price you would put
that he had already left and on the aggravation he caused
wasn’t turning back. everyone including me.
Do I think he really came to Did we ever think of not
the house? Probably not. closing until after it was
cleaned out? The answer is
I knew for sure he wouldn’t yes. However we weren’t sure
be getting the money back he would ever get around to
that was held in escrow. In it. This house even with all its
hindsight maybe we should problems was a good deal for
have seen this coming. He all of us.
What's the
lesson?
50
So what’s the
Lesson Here?
The lesson here is that the
amount of money held in
escrow probably should have
been double the amount we
actually held out. My advice
to everyone is to make it
financially “painful” for a seller
not to do what they have said
they will do. Obviously $1500
wasn’t painful enough for this
seller.
Out of curiosity, how would
you have handled this
situation?
Wholesale
had a million excuses each
Study
He then called me and said