When the bank selling the foreclosed property decides it to be such.
I hate banks and their damn REO properties. I hate the complete lack of integrity and the total disregard for the terms of the contract that the buyer agreed to in good faith.
I hate the way they cherry-pick their specificity and conveniently ignore that the state purchase agreement is still a legal part of the contract.
But most of all I hate when my clients get stuck with the surprise just days before closing and there's not a damn thing we can do about it. And I get to be the bad guy because there's no one else for them to focus their frustration and anger on.
So why don't you take more care in determining the details, Jenn? you ask. Because the details are pretty clear. It says X in the state agreement, and the seller's addendum does not explicitly counter that particular detail. So even though the addendum supersedes any contradictions in the state form, if there is nothing contradictory, the state form terms SHOULD apply. I don't even know why they bother with a state form. It's such a complete waste of time.
Grrrr. I'm pissed. And I can't do anything about it. I'll argue the point for the next 3 days
, but in the end, my client is just going to have to bend over and take it up the tailpipe or walk from the deal completely (which would still cost him money and probably more than the amount over which we are having the issue). 
Plus venting here saves me from saying things that won't be productive the parties in the transaction.
I need to go
.
I hate banks and their damn REO properties. I hate the complete lack of integrity and the total disregard for the terms of the contract that the buyer agreed to in good faith.
I hate the way they cherry-pick their specificity and conveniently ignore that the state purchase agreement is still a legal part of the contract.
But most of all I hate when my clients get stuck with the surprise just days before closing and there's not a damn thing we can do about it. And I get to be the bad guy because there's no one else for them to focus their frustration and anger on.
So why don't you take more care in determining the details, Jenn? you ask. Because the details are pretty clear. It says X in the state agreement, and the seller's addendum does not explicitly counter that particular detail. So even though the addendum supersedes any contradictions in the state form, if there is nothing contradictory, the state form terms SHOULD apply. I don't even know why they bother with a state form. It's such a complete waste of time.
Grrrr. I'm pissed. And I can't do anything about it. I'll argue the point for the next 3 days
, but in the end, my client is just going to have to bend over and take it up the tailpipe or walk from the deal completely (which would still cost him money and probably more than the amount over which we are having the issue). Plus venting here saves me from saying things that won't be productive the parties in the transaction.
I need to go
.
