I am selling a house in probate sale. I signed a big real estate company to sell it. The agent went to a realtor who buys houses for low cash offers, and then told me he couldn't get better offers so I would sell. The two realtors are flipping properties. I just found my house on the buyers internet site and he doesn't own it. Escrow closes in 3 weeks. The escrow guy is in on it too. I apparently found a bunch of bad guys. The internet site has millions of dollars in property for sale, and probably most of it, they don't own. People who were calling his number off the sign, were getting bounced to the buyer. suggestions? numbers to federal agenies?
2006-09-21 18:37:44 · 7 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Contact an attorney right away, find the best real estate attorney in your area. Show them your research and concerns, they are best suited to advise you in this matter. It sounds like a scam to me, I am a licensed real estate broker, and in my state I must disclose to you my license status. Further they may have violated a law if they disclosed that you were in a probate sale situation and perhaps needed or had to sale, a violation of the "fiduciary" duty to a client. It does not sound like they are working in your best interest. Get going!
May be violations of Federal law too! Have they made disclosure of their interest and license status? Filled all the proper forms? I'd look for a way out. Perhaps the probate judge will stop it. But get going!
2006-09-21 19:06:24 · answer #1 · answered by tnbroker1 3 · 0⤊ 0⤋
Real estate brokers engaged in a conflict of interest? I'm shocked!
You haven't been damaged (other than taking your house off the market while prices have been falling) until escrow closes. A conflict of interest may be sufficient grounds to rescind the contract & cancel the listing agreement. If that's what you want, see an attorney as soon as possible.
2006-09-22 03:46:33 · answer #2 · answered by Anonymous · 0⤊ 1⤋
The agent grew to become into mind-blowing in asking you what the fee grew to become into on your place. If he would not be responsive to this, he can no longer build an grant. Your state would have a "single social gathering coach" settlement (CA does) that states you purely pay the agent a value in case you sell (insert call of the shopper) their abode. maximum brokers won't write an grant without it for a FSBO sources. additionally, no longer listening to from them for a pair days is par for the path in actual sources. that's a large determination and infrequently after people think of approximately it, they alter their strategies. while an agent tells a supplier of mine that his purchasers would be writing an grant, extra circumstances than no longer, they do no longer and the seller gets very disenchanted by making use of this. i do no longer see something fraudulent going at here. to furnish your self with protection, you actual need to checklist your place with a Realtor. it incredibly is the only way you could evade those style of issues.
2016-10-01 05:53:53 · answer #3 · answered by laseter 4 · 0⤊ 0⤋
Well if you feel that you were not properly treated, you could write a letter to the Real Estate Commission in your state. My advise would be not to close until you get an answer from the real estate commission. She what you guidance they give you first.
2006-09-21 18:54:42 · answer #4 · answered by Sunny louise 4 · 0⤊ 0⤋
get rid of this agent and hire a real estate lawyer. its worth the 5oo.oo you might pay the lawyer, trust me I am in this process now. good luck and dont sign any thing without consulting a lawyer
2006-09-21 18:42:22 · answer #5 · answered by joseph6902000 2 · 0⤊ 0⤋
GO to lawguru.com. You can ask one legal question every 15 days and they get real lawyers in your area to respond via email. I have used it for various things and I am sure you will find them helpful. It's a free service
2006-09-21 18:40:29 · answer #6 · answered by heartache 4 · 0⤊ 1⤋
i suggest you take it to the local police. fraud is fraud. And I suggest you also call the head offices of the realestate company. i'm sure they would like to knowthat they are getting taken as well.
2006-09-21 18:47:13 · answer #7 · answered by Anonymous · 0⤊ 0⤋