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Showing results 1 to 14 of 14
Search took 0.00 seconds. Search: Posts Made By: rbk
Forum: Monohull Sailboats 04-04-2019, 18:25
Replies: 90
Views: 10,555
Posted By rbk
Re: Nightmare Buying - Broker Threats

^^x2 Also just because you’re ‘pre-approved’ for the funds doesn’t mean you’re approved to buy a high risk or overvalued asset. Banks don’t want you to default, they want their interest payments.
Forum: Monohull Sailboats 04-04-2019, 08:45
Replies: 90
Views: 10,555
Posted By rbk
Re: Nightmare Buying - Broker Threats

One thing I didn't see mentioned by the OP is that he mentioned it was financed, yet no mention of subject to financing. If you entered this agreement without a financing clause and financing fell...
Forum: Monohull Sailboats 02-04-2019, 17:44
Replies: 90
Views: 10,555
Posted By rbk
Re: Nightmare Buying - Broker Threats

X2 to call a lawyer for a $6000 deposit which may be less than their retainer is overkill. The first question tech support asks is ‘is the computer plugged in?’ You’d be surprised how often it isn’t,...
Forum: Monohull Sailboats 02-04-2019, 15:35
Replies: 90
Views: 10,555
Posted By rbk
Re: Nightmare Buying - Broker Threats

X2 get him out if there.
Forum: Monohull Sailboats 02-04-2019, 11:08
Replies: 90
Views: 10,555
Posted By rbk
Re: Nightmare Buying - Broker Threats

This is over a 6k deposit not 600K. His liability stops at 6k unless he signs for acceptance then refuses to close. At that point the seller could file for an injunction and force the sale in full....
Forum: Monohull Sailboats 02-04-2019, 10:47
Replies: 90
Views: 10,555
Posted By rbk
Re: Nightmare Buying - Broker Threats

We can bicker it out like lawyers but in the end the guy up front decides.
Forum: Monohull Sailboats 02-04-2019, 10:34
Replies: 90
Views: 10,555
Posted By rbk
Re: Nightmare Buying - Broker Threats

Loose contracts like this are never black and white, ambiguous terms leave it up to the judge to interpret, which is not good. If every aspect is clearly defined, limits on acceptability with...
Forum: Monohull Sailboats 02-04-2019, 10:30
Replies: 90
Views: 10,555
Posted By rbk
Re: Nightmare Buying - Broker Threats

This changes things. Don't sign and let the contract lapse (there should be a timeline for acceptance). it sounds like he knows he's f*ct
Forum: Monohull Sailboats 02-04-2019, 10:28
Replies: 90
Views: 10,555
Posted By rbk
Re: Nightmare Buying - Broker Threats

This gets by the courts rejected too many times to count, its an ambiguous term. It is also required that the contract was entered into in good faith and both parties are to complete the terms to the...
Forum: Monohull Sailboats 02-04-2019, 10:20
Replies: 90
Views: 10,555
Posted By rbk
Re: Nightmare Buying - Broker Threats

amend the agreement to have the work completed at your cost prior to closing and deduct the amount from the offer. Most companies give 30-60 days to pay invoices (gives time to close the deal). Have...
Forum: Monohull Sailboats 02-04-2019, 10:16
Replies: 90
Views: 10,555
Posted By rbk
Re: Nightmare Buying - Broker Threats

Acceptable to who? its very subjective, nothing is defined unless there are attached definitions specifically outlining. What may be acceptable to you may not be to another. This is a lazy, poorly...
Forum: Monohull Sailboats 02-04-2019, 10:12
Replies: 90
Views: 10,555
Posted By rbk
Re: Nightmare Buying - Broker Threats

should have a specific clause for insurability. It's no different than putting in an offer without subject to financing, then getting rejected by your financier, not the sellers problem. The dual...
Forum: Monohull Sailboats 02-04-2019, 10:02
Replies: 90
Views: 10,555
Posted By rbk
Re: Nightmare Buying - Broker Threats

Define 'acceptable'...
Forum: Monohull Sailboats 02-04-2019, 09:56
Replies: 90
Views: 10,555
Posted By rbk
Re: Nightmare Buying - Broker Threats

No, dual agency is a thing and it is legal in some places.



This, if you have evidence that he tried or conspired to commit fraud I would be threatening to take it to the authorities, or just...
Showing results 1 to 14 of 14

 
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