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View Full Version : Bad Behavior by a Bank!

amberstar702
12-07-2007, 07:20 PM
My daughter and son in law were prepared to make an offer on a foreclosure here in Vegas. However, what the bank wanted from them was earnest money without giving any commitment in return - just in case they got a better offer. Of course, they decided to pass up that "opportunity". :mad:
Codythebest
12-08-2007, 06:53 AM
Everything is in the contract...and few people get that unfortunately. Even worse, some people are afraid of contract.

What about:
"Buyers will deposit $1,000 as earnest money for the property abc. Sellers and buyers understand and agree that buyers will not wait forever an answer from sellers, therefore, buyers give 48 hours to sellers from 12/12/07 at 5:00pm, time is of the essence, for sellers to find another buyers. If after 48 hours, sellers decide to cancel the sale, for any reason, at any time, sellers and buyers understand and agree that sellers will compensate buyers by refunding earnest money of $1,000 plus $20,000 for financial lost. If for any reason, at any time, any kind of lawyers and/or attorneys have to be involved in any kind of law suits from sellers to buyers or from buyers to sellers, sellers and buyers understand and agree that all and every attorneys' fees will be paid by sellers only.

I'll put something like this in my offer...
kytine8888
03-20-2008, 05:33 AM
Life is so hard now that anyone of us here cant just commit that easily. But its all in the contract offer.
TomAnto
03-20-2008, 08:24 AM
Cody,

I hope you are being cynical because that post had me laughing! :D
Codythebest
03-20-2008, 10:19 AM
Cody,

I hope you are being cynical because that post had me laughing! :D

Few years back, Iit would be cynical...These days, I'm not sure anymore...
amberstar702
03-20-2008, 11:05 AM
Cody:

Your contract suggestion got me laughing. It would be wonderful if they could add a clause of that kind to a contract. :p

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Codythebest
03-20-2008, 11:23 AM
Cody:

Your contract suggestion got me laughing. It would be wonderful if they could add a clause of that kind to a contract. :p

Not them. You. You add it to the remark section or disclosure section, or anywhere you have space for it...
amberstar702
03-20-2008, 12:46 PM
Not them. You. You add it to the remark section or disclosure section, or anywhere you have space for it...

By "them", I meant daughter and her husband. The bank would have to be crazy to add that clause. :p
Codythebest
03-20-2008, 01:43 PM
By "them", I meant daughter and her husband. The bank would have to be crazy to add that clause. :p

You make the offer, you write it down, you add your contingencies...You're safe...
TomAnto
03-20-2008, 04:19 PM
You must be joking, the bank would never go for it and neither would I if something like that came across from the other side. They'd be more apt not to reply at all and discontinue negotiations.
Codythebest
03-20-2008, 05:16 PM
You must be joking, the bank would never go for it and neither would I if something like that came across from the other side. They'd be more apt not to reply at all and discontinue negotiations.

I agree. You are motivated or you are not...
It's not as bad as asking 10 grands for nothing in return, right?