When my wife and I decided to sell our home we were pleasantly suprised at how quickly we had offers. Once the offer / counter offer portion was complete and we had come to a deal, which included a close of escrow date, we proceeded to get busy with aquiring another home and packing and such. Keep in mind that part of the deal was a certain amount of earnest money, which would be awarded to us if for any reason the buyer backs out of the agreement.
Three weeks prior to the close of escrow we are told that the buyer that Brewer Caldwell had aquired backed out but not to worry for there was a second buyer willing to take over and the escrow date would not change.By this point we had already made arrangements for another home in which we were supposed to take control of one week after close of escrow. One week before close of escrow our realtor informs us that Brewer Caldwell backed out of the agreement, never had a second buyer and was not awarding the earnest money to us.
This basicly caused us to lose the money we had already used to retain the next home, we are well off but so to the point to make a two mortgage payments. Anyone wanting to deal with this company be very cautious. I am in the process of aquiring and attorney to rectify this legal matter. Will try and keep you posted.
0 comments