Q: Date to close has passed and # of days after that is listed. Can someone explain settlement and possession in depth.
Trying to understand verbiage since our agent is not in the picture even with the binding contract. Realtor was under impression we had the broker agent over the dual agents representing both sides helping us which actually is the opposite. Now no returned calls, emails and title company / closing company management was out of the country until next week. Paperwork sent for us to sign had all wrong numbers including the new appraised amount not being updated so we did not sign anything with this nightmare! What happens in this case with no representation, obviously the unethical and unacceptable has continued to take place. What does the settlement / possession with date listed mean if we go over that date? what are the next steps that have to take place with communicating to all parties?
A: There is no way to answer your questions without an interview to understand the facts. As buyer, you had the right to choose the closing agent, and you might have done better for the same price choosing a lawyer. But, you can independently buy a consult to unravel the situation and determine your rights.
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