NastyWoman
Senior Associate
Joined: Dec 24, 2010 20:50:37 GMT -5
Posts: 14,544
|
Post by NastyWoman on Jan 1, 2020 10:52:23 GMT -5
OMG. I check like 10 times a day to see if this has finally happened. You and me and probably at least 100 others!
|
|
Deleted
Joined: Jun 22, 2024 5:32:36 GMT -5
Posts: 0
|
Post by Deleted on Jan 1, 2020 11:06:08 GMT -5
You and me and probably at least 100 others! It's really frustrating. My mom said last night she wonders if she will live to see 2030. I mentioned my house will probably still be in escrow over some BS or another... At this point, all of the buyer's cash is in the escrow account. That was my biggest worry. This delay is frustrating as hell because it means more waiting and yet more opportunity for the buyer to delay signing things and screwing around, but at some point it will probably close because they can only delay setting up their new grow site for so long... Meanwhile, I still sit around on the couch at my mom's house looking at cars and houses...
|
|
finnime
Junior Associate
Be kind. Everyone you meet is fighting a great battle.
Joined: Dec 23, 2010 7:14:35 GMT -5
Posts: 7,644
Member is Online
|
Post by finnime on Jan 1, 2020 15:43:03 GMT -5
I'm really really glad for you that the $$ is all in escrow and beyond outraged at this additional wait. I hope the new year is fabulous to you, @shastasnewlife.
|
|
snapdragon
Senior Member
Joined: Dec 20, 2010 14:56:55 GMT -5
Posts: 2,908
Mini-Profile Background: {"image":"","color":"e1f6f8"}
Mini-Profile Name Color: cd78d4
|
Post by snapdragon on Jan 2, 2020 13:55:32 GMT -5
Keeping my fingers crossed for you!
|
|
Deleted
Joined: Jun 22, 2024 5:32:36 GMT -5
Posts: 0
|
Post by Deleted on Jan 2, 2020 15:22:00 GMT -5
I'm really really glad for you that the $$ is all in escrow and beyond outraged at this additional wait. I hope the new year is fabulous to you, @shastasnewlife . Thank you. I have confidence it will improve after my escrow finally closes and I can get on with my life. I have a tooth that's killing me, so far this year has been kind of a drag... From what I can hobble together from the title company's messages, I assume it might close/fund by the end of next week. The buyer is running out of games to play at this point. I did find an attorney in the area who agreed to go after them in court, so that will be my next action if they don't close in a reasonable amount of time...
|
|
Works4me
Senior Member
Someone responded to your personal ad - a German Shepherd named Tara wants to have you for dinner...
Joined: May 5, 2012 12:11:37 GMT -5
Posts: 2,529
|
Post by Works4me on Jan 2, 2020 18:41:10 GMT -5
We didn't close today. Now the title company claims the loan documents sent didn't properly secure my manufactured home, so they have to be resent and resigned. I swear to God I am SO FREAKING TIRED of this crap. Would you please explain to me what is meant by not "properly securing the manufactured home?" 🤔 I need to sell one.
|
|
Deleted
Joined: Jun 22, 2024 5:32:36 GMT -5
Posts: 0
|
Post by Deleted on Jan 2, 2020 20:50:16 GMT -5
We didn't close today. Now the title company claims the loan documents sent didn't properly secure my manufactured home, so they have to be resent and resigned. I swear to God I am SO FREAKING TIRED of this crap. Would you please explain to me what is meant by not "properly securing the manufactured home?" 🤔 I need to sell one. Mobile homes are considered to be personal property and not real estate. But, when you get a loan for one on land (vs. in a park), they secure both the land and the mobile with the loan so the buyer doesn't move the mobile home and essentially steal the house in the case of a foreclosure. I don't know what the loan papers said as I am not privy to them. The title company mentioned the language in the papers was incorrect and didn't secure the mobile and the land but were supposed to. I don't know why the mobile matters in this case because they valued it at 30K and the land at 230K and the loan is only for 93K... Didn't hear anything further today. Not surprised.
|
|
Works4me
Senior Member
Someone responded to your personal ad - a German Shepherd named Tara wants to have you for dinner...
Joined: May 5, 2012 12:11:37 GMT -5
Posts: 2,529
|
Post by Works4me on Jan 2, 2020 22:26:50 GMT -5
Thank you! I had never considered the difference between classification as personal property and classification as real estate. The one I want to sell this spring is the old fashioned type of mobile home and was originally registered with DMV. It's not on county tax roles and an annual registration fee is paid to DOH now.
I am amazed at your ongoing patience with these issues. I'm sure it's difficult to wait, especially with a tooth ache. Here's hoping that this is the last one to pop up.
|
|
Deleted
Joined: Jun 22, 2024 5:32:36 GMT -5
Posts: 0
|
Post by Deleted on Jan 2, 2020 22:40:13 GMT -5
Thank you! I had never considered the difference between classification as personal property and classification as real estate. The one I want to sell this spring is the old fashioned type of mobile home and was originally registered with DMV. It's not on county tax roles and an annual registration fee is paid to DOH now. I am amazed at your ongoing patience with these issues. I'm sure it's difficult to wait, especially with a tooth ache. Here's hoping that this is the last one to pop up. The title co mentioned a bit ago in an email they have cleared everything for closing except the lender still hasn't sent them corrected forms for the buyer to sign. I assume once that has happened and the buyer decides to sign them and send them back, then we will finally get things closed. They did wire me the rest of the buyer's deposit today. So, I can pay a dentist now to work on my tooth and can hire the lawyer if it becomes necessary. You can sell just the mobile if the buyer plans to move it. It has to have it's title/registration changed with the DOH just like a vehicle at the DMV. If you sell the mobile on land, then there needs to be a title/reg change with the DOH for the mobile as well as a deed for the land itself. I know about the mobile issue only because when the loan on my property was satisfied, the lender registered a release of lien on the property but we didn't realize we also needed to release them from the DOH documents. The error was found previously when my house was in escrow to the last buyer. It cost me about $300 and took 3 months to do that last part. I did it a couple of years ago to remove the lien holder and my deceased DH so I could sell it this time without it holding up escrow. Looks like it would have been the least of the problems... lol
|
|
Works4me
Senior Member
Someone responded to your personal ad - a German Shepherd named Tara wants to have you for dinner...
Joined: May 5, 2012 12:11:37 GMT -5
Posts: 2,529
|
Post by Works4me on Jan 3, 2020 0:04:35 GMT -5
Thanks for the info. RE is a topic that fascinates me and I am trying to learn as much as I can.
|
|
Deleted
Joined: Jun 22, 2024 5:32:36 GMT -5
Posts: 0
|
Post by Deleted on Jan 3, 2020 16:50:56 GMT -5
Thanks for the info. RE is a topic that fascinates me and I am trying to learn as much as I can. Another week ends, and I'm still in escrow with not much of an end in sight. One of my neighbors with a 14-day escrow deal is entering her 60+ days as well. Another neighbor was supposed to close last week and found out his buyer went on vacation in Australia and his deal is now hung in perpetual escrow as well. As for RE, what I have learned: - Never trust what a RE agent tells you. They only want commission and don't really care about much else. They also tend to be one person before you get an offer and another once its in escrow and they no longer have to do anything if they don't choose to. - Always test well water with full-spectrum testing. - If you buy in rural CA, expect the area will be taken over by pot growers. - If you sell to pot growers, expect it to take forever and expect they have no respect for contracts or deadlines.
|
|
buystoys
Junior Associate
Joined: Mar 30, 2012 4:58:12 GMT -5
Posts: 5,650
|
Post by buystoys on Jan 3, 2020 17:41:11 GMT -5
So sorry to hear that you're still hung up, Shasta. I was so hopeful you'd have some relief today.
|
|
Deleted
Joined: Jun 22, 2024 5:32:36 GMT -5
Posts: 0
|
Post by Deleted on Jan 3, 2020 18:37:05 GMT -5
So sorry to hear that you're still hung up, Shasta. I was so hopeful you'd have some relief today. The title company suggested I seek legal counsel since they have been unable to get new loan documents from the buyer's hard money lender. I found an atty and have an appt next Wed. I asked my agent to notify the buyers that I plan to file suit and will also ask the courts for my legal fees and costs associated with having to do so. So far, my agent is just ignoring me.
|
|
Deleted
Joined: Jun 22, 2024 5:32:36 GMT -5
Posts: 0
|
Post by Deleted on Jan 3, 2020 19:28:09 GMT -5
So sorry to hear that you're still hung up, Shasta. I was so hopeful you'd have some relief today. The title company suggested I seek legal counsel since they have been unable to get new loan documents from the buyer's hard money lender. I found an atty and have an appt next Wed. I asked my agent to notify the buyers that I plan to file suit and will also ask the courts for my legal fees and costs associated with having to do so. So far, my agent is just ignoring me. I hope your agent gets warts and ugly toenail fungus. And an itchy, incurable, but not fatal, social disease. You'd think the bitch would be all over it like white on rice since she doesn't make any money until (and unless!) it closes.
|
|
Wisconsin Beth
Distinguished Associate
No, we don't walk away. But when we're holding on to something precious, we run.
Joined: Dec 20, 2010 11:59:36 GMT -5
Posts: 30,626
|
Post by Wisconsin Beth on Jan 3, 2020 20:28:10 GMT -5
The title company suggested I seek legal counsel since they have been unable to get new loan documents from the buyer's hard money lender. I found an atty and have an appt next Wed. I asked my agent to notify the buyers that I plan to file suit and will also ask the courts for my legal fees and costs associated with having to do so. So far, my agent is just ignoring me. I hope your agent gets warts and ugly toenail fungus. And an itchy, incurable, but not fatal, social disease. You'd think the bitch would be all over it like white on rice since she doesn't make any money until (and unless!) it closes. This is one of the many reasons we've missed you @missrigby.
|
|
Deleted
Joined: Jun 22, 2024 5:32:36 GMT -5
Posts: 0
|
Post by Deleted on Jan 3, 2020 20:36:22 GMT -5
I hope your agent gets warts and ugly toenail fungus. And an itchy, incurable, but not fatal, social disease. You'd think the bitch would be all over it like white on rice since she doesn't make any money until (and unless!) it closes. This is one of the many reasons we've missed you @missrigby . When I read her message, I totally laughed because I had just said yesterday I hope my buyer develops bleeding hemorrhoids that get infected and all their weed molds. My agent never answered me, so I found the buyer's agent's email online and sent her a quick note that I plan to file suit next week against her clients for specific performance and I wanted them to know I will also seek my damages so perhaps getting this disaster of a deal closed would be in everyone's best interest. I have a consult with an atty on Thursday and hope the papers magically appear and get signed. If not, I'll pay him to send a strongly worded letter to the buyers to close or I am walking. Right now, my buyers are nearly 2 weeks out of contract. I could just keep their deposit, fire my agent, and walk away. The buyer's need my signature to release their and their 3rd party's money from escrow. Damn, sue me and I might sign... Two people can play this bullshit game... But, the other buyers are gone now for the year, so walking would mean I move home for another year and I would prefer to avoid that. I'd have to have all my utilities reconnected, expensive internet reinstalled, and would be stuck among the BS for another growing season... Ideally, the get wind I am done playing their game and get this done once and freaking for all.
|
|
lund
Familiar Member
Joined: Jul 22, 2015 7:12:22 GMT -5
Posts: 787
|
Post by lund on Jan 4, 2020 9:48:42 GMT -5
I start to wonder if the buyers gamble on either lowered price and/or the (desperate) seller carrying a loan (which will not be paid as agreed), or aiming to get this so drawn out that no competitor gets to grow this growing season and they get one harvest's profit to purchase for before the next season...
|
|
Deleted
Joined: Jun 22, 2024 5:32:36 GMT -5
Posts: 0
|
Post by Deleted on Jan 4, 2020 11:29:32 GMT -5
I start to wonder if the buyers gamble on either lowered price and/or the (desperate) seller carrying a loan (which will not be paid as agreed), or aiming to get this so drawn out that no competitor gets to grow this growing season and they get one harvest's profit to purchase for before the next season... You are the third person who has suggested they may be trying to get a lower price. They aren't getting one. Not a single dollar. I'm not desperate. If this doesn't get closed, I will simply move home and sell it to their competition next fall. I have their 10K non-refundable deposit. They stand to lose it, I stand to lose nothing other than the inconvenience of moving back home for another year and having to turn back on my utilities. Apparently, the buyer made a bunch of (false) claims of wealth to get into all these deals but can't back it up now that it's time to close. There are 10 of us in escrow with this group and not a single deal has yet closed.
|
|
Value Buy
Senior Associate
Joined: Dec 20, 2010 17:57:07 GMT -5
Posts: 18,680
Today's Mood: Getting better by the day!
Location: In the middle of enjoying retirement!
Favorite Drink: Zombie Dust from Three Floyd's brewery
Mini-Profile Name Color: e61975
Mini-Profile Text Color: 196ce6
|
Post by Value Buy on Jan 4, 2020 12:22:24 GMT -5
I am wondering if the competing factions just put in bids to stop the competition from bidding on the other peoperties and expanding. Sounds like several parcels got tied up with no buyers closing on the deal.
|
|
Wisconsin Beth
Distinguished Associate
No, we don't walk away. But when we're holding on to something precious, we run.
Joined: Dec 20, 2010 11:59:36 GMT -5
Posts: 30,626
|
Post by Wisconsin Beth on Jan 4, 2020 12:46:58 GMT -5
I'm wondering if the buyers think they've found a way to get the land without paying for it; for a single year's crop of pot, and leave the home owners holding the bag in terms of fines, legal issues, etc. I don't know how much people talk about the cartels when they're buying or whatever.
|
|
Deleted
Joined: Jun 22, 2024 5:32:36 GMT -5
Posts: 0
|
Post by Deleted on Jan 4, 2020 13:03:08 GMT -5
I am wondering if the competing factions just put in bids to stop the competition from bidding on the other properties and expanding. Sounds like several parcels got tied up with no buyers closing on the deal. I don't know. I know the competition is buying a friend's house after they rejected this groups offer of 50K more on their land. They are also stuck in escrow with no end in sight. There are no "great" buyers in either group... All of these buyers seem to think they can just do whatever they want on their own timeline. It's insanity. Not sure how to fight insanity and win at this point. All I can do for the moment is wait and hope they produce the correct documents and sign them before my appointment Thursday with the lawyer. I signed closing documents already as did the buyer. I need to talk to an atty to find out what that means if the buyer continues to not close. Since I can't afford a protracted legal battle, I think my move will be a notice from a lawyer that they close by X date or I take their deposit and this deal dies. That should give them the motivation to get on their lender and get this done. My buyer was supposedly approved for their loan. But the loan documents were screwed up. Since this is likely all laundered money, their "lender" could be just about anyone and their lack of paperwork could be just another game. Or, the lender just sucks and is ignoring the title company's request until they feel like getting around to producing corrected documents. The title co did say they are using hard money out of another part of the state, likely because the local hard money lenders won't lend on properties they know will become grow sites. Perhaps their lender got wind of what goes on in the area and what their money will be funding. The buyer did deposit a ton of their own cash plus someone else's into escrow. If they didn't plan to close, it seems strange they would tie up their money - especially knowing I have to sign to release it back to them if this deal dies.
|
|
Deleted
Joined: Jun 22, 2024 5:32:36 GMT -5
Posts: 0
|
Post by Deleted on Jan 4, 2020 13:04:54 GMT -5
I'm wondering if the buyers think they've found a way to get the land without paying for it; for a single year's crop of pot, and leave the home owners holding the bag in terms of fines, legal issues, etc. I don't know how much people talk about the cartels when they're buying or whatever. How would they have the land without paying for it? They aren't occupying my property without closing and paying for it. If they don't get this closed soon, I will move back home.
|
|
Wisconsin Beth
Distinguished Associate
No, we don't walk away. But when we're holding on to something precious, we run.
Joined: Dec 20, 2010 11:59:36 GMT -5
Posts: 30,626
|
Post by Wisconsin Beth on Jan 4, 2020 13:44:43 GMT -5
I don't know Shasta. I'm not that wily. And I'm a city girl in a state where pot is illegal for all purposes. This is so outside of my experience. I just hope you can close and get out ASAP.
|
|
oped
Senior Member
Joined: Aug 20, 2018 20:49:12 GMT -5
Posts: 4,676
|
Post by oped on Jan 4, 2020 14:47:13 GMT -5
I'm wondering if the buyers think they've found a way to get the land without paying for it; for a single year's crop of pot, and leave the home owners holding the bag in terms of fines, legal issues, etc. I don't know how much people talk about the cartels when they're buying or whatever. How would they have the land without paying for it? They aren't occupying my property without closing and paying for it. If they don't get this closed soon, I will move back home. Realistically though.. if they just moved in is there anyone who is going to tell them no as far as law enforcement out there? I just hope this ends soon in a positive result.
|
|
Deleted
Joined: Jun 22, 2024 5:32:36 GMT -5
Posts: 0
|
Post by Deleted on Jan 4, 2020 16:06:38 GMT -5
How would they have the land without paying for it? They aren't occupying my property without closing and paying for it. If they don't get this closed soon, I will move back home. Realistically though.. if they just moved in is there anyone who is going to tell them no as far as law enforcement out there? I just hope this ends soon in a positive result. Yes, me and my two friends - Smith and Wesson...
|
|
Deleted
Joined: Jun 22, 2024 5:32:36 GMT -5
Posts: 0
|
Post by Deleted on Jan 4, 2020 16:09:27 GMT -5
I don't know Shasta. I'm not that wily. And I'm a city girl in a state where pot is illegal for all purposes. This is so outside of my experience. I just hope you can close and get out ASAP. The fact that weed is illegal still in many states is the root cause of this problem and the massive, deadly cartel grows currently ruining our national forest lands. In CA, their weed isn't worth anything. If it could be grown back east where it's being consumed illegally, there would be no large black market grows on the west coast.
|
|
Works4me
Senior Member
Someone responded to your personal ad - a German Shepherd named Tara wants to have you for dinner...
Joined: May 5, 2012 12:11:37 GMT -5
Posts: 2,529
|
Post by Works4me on Jan 4, 2020 22:33:57 GMT -5
I'm just relieved to hear that you are acquainted with Mr. Smith and Mr. Wesson. But then again, I'm not not very trusting.
|
|
Deleted
Joined: Jun 22, 2024 5:32:36 GMT -5
Posts: 0
|
Post by Deleted on Jan 5, 2020 13:09:54 GMT -5
I'm just relieved to hear that you are acquainted with Mr. Smith and Mr. Wesson. But then again, I'm not not very trusting. It's not safe to live in a rural area without owning at least one firearm and knowing how to use it. It's also not safe to go miles into the wilderness or desert alone without one for a wide variety of reasons. Mostly, the comment that I would somehow just let them steal my property for a year to grow was crazy. No one would do that. It's still my property until the deed is registered in their name. And, why would anyone grow on stolen property when they will get reported for abatement? The local law may not do a ton of abatements, but they would be happy to do one on someone's land that's been illegally taken over for the purpose of growing - they don't need a search warrant and all the other BS for that.
|
|
Deleted
Joined: Jun 22, 2024 5:32:36 GMT -5
Posts: 0
|
Post by Deleted on Jan 6, 2020 18:14:39 GMT -5
Another day, still no new closing date.
The title company sent me a message that they talked with the buyer's mortgage broker today and they were working on a new approval for the buyer's loan with the new wording they are requiring...
I've written a timeline for the atty and gathered up all the digital documents so I can send them up the day before my consult if this doesn't move by Thursday.
I'm still having a lot of dental pain, so I am taking part of the cash I recently received and visiting a dentist tomorrow. That should be expensive...
I have Medicaid, but the only place that will take it is Western Dental and I wouldn't take my dog there.
My molar is cracked in half and decayed, so I am hoping they will just pull it or can drill it down and cap it. I'm not up for, and can't afford, to go the root canal and crown route.
If I like this dentist and can get the appts, I may try to have more work done while I am down here waiting for my next house to close escrow. Assuming my house does close and I will be here for a while.
|
|
finnime
Junior Associate
Be kind. Everyone you meet is fighting a great battle.
Joined: Dec 23, 2010 7:14:35 GMT -5
Posts: 7,644
Member is Online
|
Post by finnime on Jan 7, 2020 8:32:46 GMT -5
Glad you're getting your dental work taken care of in the meantime. Plus preparing for lawyer intervention--that should get some attention from your buyers. I hope this week sees closing for you, Shasta.
|
|