My first closing as and Independent Broker. How exciting! It was touch an go for a few weeks because as often happens, there was a problem. I've learned from experience that it usually works out so when the title company called I was prepared to be optimistic.
I was representing the buyer and the problem was the sellers ex-husband. Although the divorce decree had deeded the home to the wife, there was a clause providing that the proceeds would be split between the two of them. Since there were no proceeds and the seller (wife) was going to bring money to closing, the title company had a disclosure for the ex-husband to sign informing him that there were no proceeds.
He was refusing to sign the disclosure and wanted the sale of "his home" stopped. Well, of course it wasn't his home but he was very angry over the divorce.
My buyers were advised of the situation and although I suggested they may want to get an attorney, I told them I felt confident he would sign at the last minute and he did. I think he was trying to bring as much misery to the seller (wife) as possible but the mortgage was still in his name and he had something to lose if the sale didn't go through like his credit when she stopped making payments and the house was foreclosed on.
The good news was that he FAXed a signed disclosure after 6 on the day before our closing.
Congratulations to Jennifer and Jonathan!
Austin, Texas. Robin Scott, BROKER. Certified Residential Specialist, Accredited Buyer's Representative, Seller's Representative Specialist. 512.589.7988.
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