After the Purchase Agreement is Signed, But Before Closing Loose lips may not sink (housing) ships — but they can cost a Seller money. That’s especially true if their home’s ultimate sales price was (well) below the last asking (list) price, and the deal subsequently doesn’t close. Funny how, in that rare-but-unhappy scenario, the discounted...Read More
Cleaning Up After a Broken Deal If you’re seriously shopping for a home, you’ve undoubtedly seen one of these properties online. And if you’ve been selling real estate long enough, you’ve almost certainly had it happen to you: What exactly? A not-quite “done deal” . . . that came undone. Background First, a little background:...Read More
Feeding Frenzy Aftermath: Broken Deals Broken lines, broken strings,Broken threads, broken springs,Broken idols, broken heads,People sleeping in broken beds.Ain’t no use jivingAin’t no use jokingEverything is broken. –lyrics, “Everything is Broken” (Bob Dylan) Lo and behold, four to six weeks after some of the wildest bidding wars for foreclosure properties this Spring and early Summer,...Read More
