<p>Wow, i am saddened to hear this. ;). (inside jk)</p>
<p>Seriously, when the purchasers got the title work done, this should have been found easily…heck, whenever i have refi’d the State of PA requires a new title search,can’t assume a prior one, even if it was done recently…good luck</p>
<p>^Something similar happened at the closing of our house. Luckily it got resolved with some frantic phone calls, but I was really worried since we were already committed to selling our old house and would have been in real trouble if there were any major delays. Thinking good thoughts for jym.</p>
<p>I have no clue why this just mysteriously appeared now.</p>
<p>The property isnt in escrow, ALP.</p>
<p>not in escrow? Huh? In your state you don’t go into escrow with an accepted offer? So where is the buyer’s earnest money deposit? And all the mountains of paperwork?</p>
<p>did you say the prop is NOT in escrow? so how can it close?</p>
<p>Maybe I misunderstand- It it owned by a trust.</p>
<p>I hope the purchaser didn’t know this in advance and then tries to renegotiate the deal… Unlikley, but i always think the worst…good luck</p>
<p>so, you are the trustee, right? Its like your own house, you have the right to sell it. And it is in the Escrow, if the buyers don’t back out.</p>
<p>They arent backing out, I dont think. They are just going to put some (aka big chunk) of funds in escrow til it gets straightened out. The deposit is in escrow, if thats what you were referring to. Sorry, I am in another state. I dont know how this works.</p>
<p>
I’m not an expert, although DW is a RE agent in Massachusetts, which is where I believe jym626 has said is where the house is.</p>
<p>I’ve never heard her use the term “going into escrow” or “gone into escrow” before. Yes, someone holds the money in escrow until the close, but the paperwork and closing are done by lawyers - it is a legal requirement in this state. The property is “under agreement”, which I think amounts to the same thing.</p>
<p>I’ve had this happen on a refi twice, and it was the same thing both times - some bank failed to record a discharge of a credit line. Even if the bank is out of business, their lawyers are most likely still around, and are responsible for cleaning up the mess.</p>
<p>I think a lot of these title searches don’t get done until the day of or the day before the closing, which is why they turn up at the last second.</p>
<p>Well, they closed. Sort of. They held back some money to get a radiator working so I will have to get that addressed tomorrow. The attorney will have to work through the old line of credit thing worked out. Well at least I think I no longer own the house, which is in NY. I at a movie preview of a movie called this means war. Seems a propos.</p>
<p>Congrats…</p>
<p>It sounds like it was staged to cut the price. Their realtor came in at the last minute of the closing and announced that there was an issue with a radiator and they threatened to sue. Jerks.</p>
<p>Congrats, jym626. I hope you take a moment to celebrate. As for us, we are hiring a new agent and dropping the price.</p>
<p>have some champagne with the popcorn!</p>
<p>Where is the party? Waldorf or Empire?</p>
<p>Some sort of celebration is called for. I googled house sold party but nothing came up. Maybe it’s more a feeling of relief than celebration.</p>
<p>Congrats</p>
<p>The radiator reminds of the buyers to my parent’s place. After my lawyer left, they complained of washer’s look (a scratch), and wanted $1000+ to replace as a set. My realtor sided with the buyers. This happened before cellphones, so I couldn’t call my lawyer and have him drive back. I felt so ripped off and dirty. Only to keep family peace, I paid them. Left alone, I may have walked out if difference wasn’t split.</p>
<p>12 years later, and I still feel ambushed.</p>
<p>Jym626…congratulations.</p>
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<p>Peace of mind is worth more than money.</p>
<p>And then there’s Karma.</p>