What Can I Do?
- Thread starter pixiegirl
- Start date
K
Kizzy
Guest
Contact the Better Business Bureau and biatch to the bank.
You will get nowhere with the agent and the agent doesn’t set up the financing, the loan officer does. Right now, there are tons and tons of loan officers and weird, off the wall, never heard the dayum name before, banks offering loans. The agent doesn’t care who gives you the money, just as long as the loan closes their deal, and they get paid.
Pix, I take it you and B settled on the house and you are doing a rent back to the previous owners? If that is the case, there is no backing out, this is a done deal. B and P own the house, they are financially responsible.
You will get nowhere with the agent and the agent doesn’t set up the financing, the loan officer does. Right now, there are tons and tons of loan officers and weird, off the wall, never heard the dayum name before, banks offering loans. The agent doesn’t care who gives you the money, just as long as the loan closes their deal, and they get paid.
Pix, I take it you and B settled on the house and you are doing a rent back to the previous owners? If that is the case, there is no backing out, this is a done deal. B and P own the house, they are financially responsible.
cattitude
My Sweetest Boy
Pete said:
And you better be careful because you have to have insurance and your mortgage company will put "force placed" insurance on your property and you may not even be notified. Force placed is crap insurance and will cost you about 3 times what you are paying now. Sometimes, it would appear that the mortgage companies are in cahoots with THEIR insurance divisions and oddly enough, decent homeowners policies are canceled.I wouldn't be so concerned with placing blame as I would getting the mess straightened out. Unfortunately, it's your responsibility. Companies make mistakes all the time and this is just one of them. Inconvenient for you but not much you can do about it.
pixiegirl
Cleopatra Jones
crabcake said:Pix ... if you have the cash on hand to make the policy current, I'd do that, and then I'd sick your pitbull-like attitude on the company that was supposed to pay the bill. I know you can make 'em pay, girl.Your insurance company should then either credit your account, or refund the additional money to you.
It's times like this that Murphy likes to rear his ugly head; don't be w/o coverage if you have the means on-hand to be covered -- even though it's some other jackass's fault.
It's taken care of. Just got another phone call.
Something about the check being sent to the home office instead of the local office and another check being cut and sent to the local office while a stop payment was put on the first check. The home office tried to cash the wrong check. It's all being straightened out.
cattitude
My Sweetest Boy
Next crisis......pixiegirl said:It's taken care of. Just got another phone call.
crabcake
But wait, there's more...
cattitude said:
I had this happen once before with an auto loan b/c there was some screw up with my auto insurance and the paperwork being shared with the bank the car loan was with ... they (the bank) wanted something like $300+/month for a couple months they thought I didn't have car insurance to implement a similiar policy. 
Quite a difference when you usually only pay $50/month.Club'nBabySeals
Where are my pants?
1. If your realtor was working with a Real Estate firm (Century 21, Re-Max, whatever), you should contact that firm with details (including documentation) about the complaint.
2. It's never too late to refinance if you're still getting jipped on the rate(though it'll probably run you a couple thousand)
3. In a business like Real Estate where most bus. relationships are brought about by word of mouth, the WORST thing you could do to retaliate against this agent is be very open about your experiences. When the lady at your work says "I'm looking to buy a house", make sure the first words out of your mouth are "Don't use _____". Keep in mind, too, that the realtor gets a kickback if you use her "recommended" mortgage company...for some reason, a lot of people aren't aware of that.
As for the money situation, you should have documentation from your closing which details the funds paid out (including your year's worth of Homeowners Insurance)...fax this to the insurance company. Once the ball is in there court, they might be able to get a little farther with that elusive check.
Sorry you had such a rotten go of it.
2. It's never too late to refinance if you're still getting jipped on the rate(though it'll probably run you a couple thousand)
3. In a business like Real Estate where most bus. relationships are brought about by word of mouth, the WORST thing you could do to retaliate against this agent is be very open about your experiences. When the lady at your work says "I'm looking to buy a house", make sure the first words out of your mouth are "Don't use _____". Keep in mind, too, that the realtor gets a kickback if you use her "recommended" mortgage company...for some reason, a lot of people aren't aware of that.
As for the money situation, you should have documentation from your closing which details the funds paid out (including your year's worth of Homeowners Insurance)...fax this to the insurance company. Once the ball is in there court, they might be able to get a little farther with that elusive check.
Sorry you had such a rotten go of it.
crabcake
But wait, there's more...
pixiegirl said:It's taken care of. Just got another phone call.
Now get all that in writing to CYA! 
pixiegirl said:It's taken care of. Just got another phone call.
Glad to hear everything worked out for ya
huntr1
.
If I was you, I'd ask for a signed and dated letter to that effect to be faxed to you post haste!pixiegirl said:It's taken care of. Just got another phone call.
Chasey_Lane
Salt Life
I didn't realize Pixie has been paying on her mortgage since November. Otherwise, my original answer still holds.Bogart said:For all advising walk away - I was unaware that you could simply abandon a house and a mortage. Please explain to me how this works. Especially the part about your credit rating.
K
Kizzy
Guest
You know, Pix, when we settled in July, I didn't like giving the money meant to pay the homeowner's insurance to the mortgage company. Why would they do this anyway? But then again, Catt might have just mentioned the only reason they would want to do this, as a scam.
It use to be that you went directly to your insurance company and brought proff to the settlement table that your insurance is paid up for one year. Seems like they complicated the whole process. I had an issue with my insurance company not getting the check from settlement table right away and they called to ask me about it. Of course, I had to go thru the hassle of making phone calls and such to get it fixed, which would have been a whole lot less
had I just gone directly to the insurance company, the way it USE to be.
It use to be that you went directly to your insurance company and brought proff to the settlement table that your insurance is paid up for one year. Seems like they complicated the whole process. I had an issue with my insurance company not getting the check from settlement table right away and they called to ask me about it. Of course, I had to go thru the hassle of making phone calls and such to get it fixed, which would have been a whole lot less
had I just gone directly to the insurance company, the way it USE to be.
Railroad
Routinely Derailed
We had the same experience with a realtor whose name has a slash in it. The agent told us one thing and reality was another (Note that realty and reality are totally different words). We ended up working for about 6 months to correct all the errors. It seems nobody was paying attention but we. When we got all the problems ironed out, we had the payment we had bargained for, etc., we discovered the house had live termites, a bad roof, and a rotted out smokestack on the furnace (we could have died from CO poisoning, since we'd moved in in December). We then found out that the R-19 insulation in the roof was R-9, and that the insulation in the floor was the advertised rating but only extended about 10 square feet in from the crawlspace entrance. And the plastic vapor barrier required for the mud floor of the crawlspace had been removed.
To make a long story short, it took 3 years and over $60,000 to make the place into what it had been advertised to be. So although we thought we were getting a good deal at $119,900, we ended up making up for the difference in fixing our 3-bedroom, 1-1/2 bath lemon.
Our real estate agent died before we could sue. I wonder how many lawsuits she had pending when she croaked.
To make a long story short, it took 3 years and over $60,000 to make the place into what it had been advertised to be. So although we thought we were getting a good deal at $119,900, we ended up making up for the difference in fixing our 3-bedroom, 1-1/2 bath lemon.
Our real estate agent died before we could sue. I wonder how many lawsuits she had pending when she croaked.
Chasey_Lane
Salt Life
That's how they snag you.aps45819 said:
Lenny
Lovin' being Texican
aps45819 said:
If you are referring to RR's post, I believe the realty company that lists the property is required by law to disclose all the possible shortcomings with the property (under-rated insulation, absent vapor barrier, etc.) or they can lose their license. But you have to ask them straight out if there is anything, not in the written listing information they are aware of. Course they can not ask the previous owner so they can say "No" in answer.
If you are referring to PG's posts, you're right that the realtor represents the seller. Even if you do a contract with the realtor to be your agent, they have a real conflict. The sellor is paying their fee so who do we think they will protect first in the deal?