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Message
re: Purchase Agreement /legal questions
Posted on 11/9/15 at 10:53 pm to dragginass
Posted on 11/9/15 at 10:53 pm to dragginass
He didn't lie. Someone didn't do their job vetting his credit or lied to him about what they were capable of doing for him. The buyer isn't fricking around or lying to you. He wouldn't have even gotten to you unless someone licensed to prevent mistakes like this didn't do their job in vetting him properly.
But you go on blaming this nefarious borrower. I'm sure he's sleazy and terrible.
I'm also sure you're an absolute peach of a guy as well.
But you go on blaming this nefarious borrower. I'm sure he's sleazy and terrible.
I'm also sure you're an absolute peach of a guy as well.
3
Posted on 11/9/15 at 10:58 pm to GFunk
quote:
He didn't lie. Someone didn't do their job vetting his credit or lied to him about what they were capable of doing for him
You sure seem to know a lot about the details. I have it in writing, from forwarded emails, what he claimed the issue was..and that it would be resolved within 2 days. This was to get us to grant an extension. I also have it in writing that an active judgement was found, contradicting what he said. He lied. I'm not sure why you are so inclined to play the antagonist.
Posted on 11/9/15 at 11:03 pm to GFunk
quote:
He wouldn't have even gotten to you unless someone licensed to prevent mistakes like this didn't do their job in vetting him properly.
If it's a fairly new judgement then it is feasible it wasn't on his reports and was only discovered when a title company was doing their due diligence. They then let the other parties know they would not be able to give the buyer a title policy.
Lot's of variables we don't know.
I also do believe it's possible for a person to not know they have a judgement. They could have moved and never received the notices about an unpaid debt or something.
Posted on 11/10/15 at 9:08 am to GFunk
quote:Did the buyer's loan application include the judgment as a liability? If the buyer knew of the judgment then he attempted loan fraud, and the deposit was not made in good faith. A review of the records from the case would reveal whether the buyer had contested the claim that resulted in the judgment, and would have definitely been aware of its existence.
He didn't lie.
quote:If the mortgage broker was aware of the judgment when it issued the pre-approved letter, then the mortgage broker caused the OP damage based on negative information knowingly withheld from the OP. Any claim for damages by the OP against the mortgage broker could be pursued despite releasing the deposit and holding the buyer harmless. The problem is that the OP's economic damages aren't worth the cost to pursue. But he could file a complaint with the Louisiana Office of Financial Institutions, the National Association of Mortgage Brokers and the Better Business Bureau. It won't likely result in recompense, but could provide some measure of satisfaction.
Someone didn't do their job vetting his credit or lied to him about what they were capable of doing for him.
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