Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

50
Posts
21
Votes
Julia Fergo
  • Technical designer
  • Los Angeles, CA
21
Votes |
50
Posts

help, seller received a letter of forclosure

Julia Fergo
  • Technical designer
  • Los Angeles, CA
Posted

Need an advise!!!!Buying a house in LA (ESCROW does the title here, we don't use lawyers in LA ). Escrow close on 10.15, all the docs are signed and the financing approved....Oppps...The real estate agent calls me today( she represents both seller and me, the buyer) and beats around the bush about the letter that  the seller received just now about...foreclosure?...or short sale?... the agent is really only loyal to the seller and she is very evasive and full of bs ....and she keeps repeating the mantra:..just never do what the seller did - a huge mistake, -  having a reverse mortgage... All this  makes me even more nervous. I asked to forward me the letter - she refused. What shall i do? The agent and the escrow officer are kinda together ..My lender is also eager to close the deal. What shall i do at this point to protect myself? Do I need to be worried? Do i need to request some additional documents? help....

Loading replies...