The escrow agent even tried to circumvent the fired-turned-obstructionist-agent by talking to his broker, but the broker also refused to help.Įventually, I agreed to pay another $1,000 above the purchase agreement, so that escrow could close. I learned about all of this through the escrow agent.
The seller's agent offered to put in a share of his own money, but my agent refused to put anything in or to help out at all. This left $2,000 in closing costs unaccounted for (after all of my money was already in escrow) and nobody really explained this to me until much later, since I was pretty much unrepresented through escrow. The bank apparently expected to Net of $115,000 instead of the $113,000 after closing costs. He even agreed to allow another agent from his office to take over, but never really gave the other agent authority to negotiate when problems arose in escrow. So I told him I no longer wanted to work with him and would be looking for a different agent. I got tired of this agent's behavior and believed that he was incapable of acting in my interest while harboring such an obvious grudge. Finally, I learned that the agent withheld a building inspection the sellers had given him (to give to me), until after I spent another $235 for second inspection. Every time I called the agent to inquire about whether the lender had accepted the seller's "short" terms, thus my offer, he lectured and admonished me about how I never should have pulled out of the earlier (much higher-priced property), and about how short sales take so long, and I will probably regret having bailed on the earlier sale.This went on for almost two months. My first clue that he was acting with a grudge towards me was when it took him 6 days and three prompts from me (as well as a call by me to the seller's agent) to get the offer to the seller.
He nevertheless agreed to submit another offer for me on a "short sale" peroperty. A year ago I entered a 1-year Buyers Representation Agreement with an agent at ERA who was supposed to be an expert on "short sales." I agreed to a 4% compensation to be paid through escrow at closing, out of the purchase funds I deposited.Īfter one deal fell through 5 weeks into escrow because a lender pulled a lock-in rate for our loan, it was apparent the agent blamed me.
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