Philadelphia, Bucks and Montgomery Counties Real Estate. Tips for home buyers, home sellers by Gita Bantwal,Realtor at Re/Max Centre Realtors.: June 2007

MURPHY'S LAW AND SETTLEMENT DAY .EPISODE 4

I was preparing to go to settlement.I did not expect any problems.We had the pay offs and certs. The seller had requested the HUD 1 ( preliminary HUD1) the previous day. He expected to net a certain amount. He had rehabbed the house .It was vacant and the walk through would not be a problem. I got a call from the title company. A contractor had placed a mechanics lien on the house the previous night.He found out through one of the neigbors about the settlement. The seller had not paid him a certain amount as the work was not to his satisfaction. There were phone calls and arguments and the seller was unhappy. I started wondering what would have happened if the money owed was not enough to settle.Thank God there was money available to satisfy the lien. I sometimes wonder if I attract challenging settlements. There are usually a couple of such transactions a year.

When you read about events please check the year for the event as some people find information a year later and think it is for that year. . The posts remain online even after the event.

Gita Bantwal is a Realtor with RE/MAX Centre Realtors in Bucks County, a Northern suburb of Philadelphia. You can view 1000s of listings on her web site www.GitaBantwal.com

 

She can be reached at 215-343-8200x124 or direct 215-275-8491 or via email gita01@aol.com

If you would like a FREE MARKET EVALUATION OF YOUR HOME IN PHILADELPHIA, BUCKS or MONTGOMERY COUNTY call me at 2152758491

 Gita specializes in Active adult communities and is a Seniors Real Estate Specialist. She holds the ABR designation (Accredited Buyers Representative) and specializes in selling to first time buyers as well as move up buyers.Gita also hold the CRS designation , Certified Residential Specialist and the CDPE designation as well. Information about real estate market is deemed to be correct but is subject to errors and omissions and should be verified independently.. Opinion expressed by me or others  in my post and comments is not to be construed to be  legal advice.I am licensed in Pa. Check real estate laws in your state as they may be different than in Pa.

IF YOU WOULD LIKE TO SUBSCRIBE TO MY BLOG         CLICK HERE   OR EMAIL ME AT Gita01@aol.com

 

Comment balloon 3 commentsGita Bantwal • June 15 2007 03:21PM
MURPHY'S LAW AND SETTLEMENT DAY EPISODE 4
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I was preparing to go to settlement. I did not expect any problems. We had the pay offs and certs. The seller had requested the HUD 1 ( preliminary HUD1) the previous day. He expected to net a certain amount. He had rehabbed the house It was vacant… more
MURPHY'S LAW AND SETTLEMENT DAY, EPISODE 3
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I was on my way to settlement, and the buyer's agent was going to bring my lock box. It was a vacant house, recently rehabbed. All of a sudden the cell phone rings and I pull over to the side to answer. The buyers had gone to the attic ( it had pull… more