I paid for buyers part of fees, my realtor didn't go to the closing with me. I got screwed. Can I do anything now? I ended up paying more than I was supposed to.
2007-10-15 03:50:52 · 7 answers · asked by bliss 1 in Business & Finance ➔ Renting & Real Estate
need more information,
2007-10-15 04:46:53 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I am sorry to hear about your situation.
Technically, the closing statement should have been presented to you within 24 hours of closing. Your Realtor should have received a copy, too.
That would have been the time to review it carefully with your Realtor and make sure the numbers were correct and that you were not paying for something inappropriate.
I would double check your sales agreement and make sure it does not say that you agreed (whether you understood it that way or not) to pay some of the buyer's closing costs.
If it does not say so, call your Realtor's broker. Make an appointment to go in for a face-to-face meeting with your sales contract and your HUD closing statement in hand.
Ask for the broker to reimburse you the amount paid in error - either through your Realtor, who should have caught this mistake for you, or from the broker, or from the broker's Errors & Omissions Insurance policy.
Get something in writing from them saying they will do this for you before you leave the meeting.
If you do not receive satisfaction, hire a lawyer and fight it.
FOR ANYBODY OUT THERE READING THIS, PLEASE MAKE SURE YOUR HUD CLOSING STATEMENT IS CORRECT OR DON'T SIGN IT. Closings can be delayed, if necessary, to correct the error, but you are entitled to receive the HUD 24 hours before closing. If you do not understand what you are looking at, work with your Realtor to confirm the numbers.
Good luck and best wishes.
2007-10-15 03:59:30 · answer #2 · answered by venicefloridarealtor 4 · 2⤊ 0⤋
What's the scam? Did you pay part of the buyers' fees without being told what they were? Did you ask what those fees were? Would you have walked away from the closing in this real estate market if you had known? It is common now to pay part of the buyers' fees to make the deal. Why did your broker not attend? You saved some money (hah!) by not having the broker go to the closing?
Sounds like "seller's remorse" to me. Be happy the house sold.
2007-10-15 04:04:24 · answer #3 · answered by thylawyer 7 · 1⤊ 0⤋
You're not screwed if you have it in writing in your contract. Show the Title/Closing Attorney your sales contract. If you are correct, the Title company will re-do your HUD-1 Settlement Statement. They will then be responsible for cutting you back what you are owed, and it is up to them to collect from the Seller. Make sure you are credited immediately. http://www.choicerealestate.net/
2007-10-15 06:04:43 · answer #4 · answered by Anonymous · 0⤊ 0⤋
This is why you must read and understand everything before you sign your name.
Since the contracts are already signed, unless you have something in writing from your realtor your stuck.
2007-10-15 03:55:27 · answer #5 · answered by ? 7 · 1⤊ 0⤋
Contact your local real estate commission on how to proceed. Be sure you have all your paperwork, every piece. I would recommend you review it thoroughly before you make any charges.
2007-10-15 03:55:59 · answer #6 · answered by Sharon 3 · 0⤊ 0⤋
if you agreed to and signed the contract there is really nothing you can do now!
2007-10-15 04:00:41 · answer #7 · answered by Jan Luv 7 · 0⤊ 0⤋