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Hold On: It’s Going To Be A Bumpy Blog!

Stay with me on this one.  A pair of sellers who are mother-in-law (MIL) and daughter-in-law (DIL) ask me to represent them in the sale of the condo they jointly own, which is vacant.  I prepare contracts and they are returned to me, signed and with a down payment check, last Friday.

I call DIL to make an appointment. “Oops”, I’m told, “we probably have a much higher offer and the inspection will be this weekend, so hold things off.”

On Monday morning, I am told by DIL to keep the first buyer on hold and send contracts to the second with a demand that all be signed and returned by 2 PM.  First, despite some real dripping sarcasm (morphing into snideness) leveled at me by the real estate agent, it is unethical to send out a second contract with the first one signed and returned (not illegal, as far as I know, but unethical).  Second, and most importantly, the higher buyer isn’t quite ready to sign, says his attorney’s secretary.

When I convey this to DIL I’m told “Oops” again.  Seems MIL may be selling the house she presently lives in and then--you guessed it--she’ll move back to the condo.  So “hold off everyone”.

MIL’s sale eventually falls through, better buyer bails, and MIL & DIL will sign the first contract if they can come up with the $20,000+ they are short in paying off their mortgage with the lower offer.  So would I help them in a short sale and get this closed ASAP?

The previous paragraph in no way comes close to conveying the sturm und drang that abounded in my office and on the phone for two business days.  And now I’m under the gun on the short sale.

Comments

( 2 comments — Leave a comment )
(Anonymous)
Apr. 15th, 2009 01:58 pm (UTC)
It is difficult to keep clients' best interests at heart when they often don't even know what they want. Or worse, don't tell us everything we need to know.
real_lawyer
Apr. 15th, 2009 03:55 pm (UTC)
True...
( 2 comments — Leave a comment )

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