Changing purchase price-ethics

[Celastrina]

My husband and I are buying a house under a lease option. The home is bank foreclosed listed through a realtor. The asking price of the home is $180,000. The contract came back from the attorney today with a purchase price of $192,000!!! When I asked the Realtor why the contract was written $12000 higher than the asking price, she said she has no clue what the asking was and wanted to know where we were getting our figures. I told her from her (she told my husband the asking was $180,000), her broker (told me), and the MLS Listing.

The realtor acctually asked me "do you have anything on paper to prove this?"

"yes, I have printouts from the MLS" Here would be a good place to mentionm it is HER listing! She quickly told me she needed to call her broker about this.

Isn't this a bit unethical? Please help quickly as we are supposed to sign the papers on Monday.

Thanks so much!

[Codythebest]

I can't believe you. You are not telling me that the listing agent did not know the asking price that she supposes to put by herself on her own listing. Unless something I missed here. Because you were saying you have a print out of HER listing...I mean her name is on the listing, you know...If she's confused, somebody else made the listing on her name...
My guess is, as a foreclosure, it was $180K cash or conventional OR $192K with lease option. Anyway, a foreclosure owned by a bank is never a good deal. Banks are wayyy too greedy...
Over here, banks ask more than the public...ridiculous..

[Celastrina]

to clarify I will give you the conversation. The broker had shown the house to me (hubby wasn't available that day) and we went back to the office to search a couple other listings. Before leaving I told her that I liked the house she had shown and wanted to talk to hubby about it.

I got home called my husband and told him about the house at that point he told me to call the broker back and set a time to go look at it again together. I called and explained that we wanted to clean our credit a bit before getting a loan as we are right on the cusp of qualifying for a loan. So...

broker: "no problem, let me call owner and call you back"

me: "okay, thanks."

LATER..broker calls back...

Broker: "you will not believe what they offered...A lease option at $2000 down, $1000 a month with 100% of payments going toward down payment"

me: "you have got to be kidding, so after leasing for a year we would only have to finance about $167,000ish"

Broker: "right about that and we could have you moved in less than a month and the great news, the owner is a bank so you will have credit with them when you aply for you loan"

me: "YES! Let me call hubby and see if we can got out there to look at it again ASAP"

called hubby told him offer, he said it sounds good lets take a look.

called broker back

me: "he wants to look at it!"

broker: "I am busy all afternoon, let me get the listing agent out to show you she will know the specs of the house better than I will"

we look at the house and love it. get the rental app to fill out. fax it back to the office when we get home and call broker to confirm she got it.

broker says: "bank decided they were going to ask $200,000 for the lease option but I told them the house was listed t $180,000 and you two would never go for the price increase"

me: "you're right, we wouldn't be able to swing the payments for a loan that high and I don't want to get strapped. we would be better off staying where we are for a while and looking again in 6 months. thanks though"

broker calls back

broker: "everything is fine now and the bank is drawing up papers, they just want to see work and rental history"

I faxed it waited three days for the lease to come back and it did, at $192K

now everyone is backing up saying there was nothing anywhere stating the house was $180.

HUH???

Sorry so long just wanted to give you the history.

[Codythebest]

Ok now. So I understand it's not the broker or the agent, it's the bank.
It happens almost everytime with bank foreclosure.
They make you paying the terms...