Commentary by Jim Watkins | December 20, 2007(This is the second and final part to the article. Check out Part I) The next afternoon I got a call from the buyers’ agent. She told me that the buyers refused to switch title companies as I had requested (the closing was set to take place four days later). I asked her when she [...]
Real Estate Law by Joshua M. Marks, Esq. | October 15, 2007Upon signing the agreement of sale in most residential real estate transactions, the buyer pays an “earnest money deposit”, which signifies his intention to purchase the property. Typically, the earnest money deposit is held in the escrow account of the listing broker (who represents the seller) and is applied toward the buyer’s down payment and [...]
Joshua Dorkin
A Nightmare Closing Saga: Part II
by Jim Watkins | December 20, 2007(This is the second and final part to the article. Check out Part I) The next afternoon I got a call from the buyers’ agent. She told me that the buyers refused to switch title companies as I had requested (the closing was set to take place four days later). I asked her when she [...]