Trudi Johnston
My vendors just received a letter from their purchasers that they are not able to buy their house because of financial issues. After many emotional and lengthy discussions with lawyers we decided to re-list the house and will sue for damages-(this totally is putting enormous pressure on my clients). This is becoming more common and I just heard about a program called residential closing insurance for $75/ and it will cover you up to $25,000 in damages( it covers, legal, bridge financing, moving, storage etc.) if this occurs after you pay a $300 deductible. When I relist the house I will purchase this on behalf of my clients just for their piece of mind. Very scary!!!
My vendors just received a letter from their purchasers that they are not able to buy their house because of financial issues. After many emotional and lengthy discussions with lawyers we decided to re-list the house and will sue for damages-(this totally is putting enormous pressure on my clients). This is becoming more common and I just heard about a program called residential closing insurance for $75/ and it will cover you up to $25,000 in damages( it covers, legal, bridge financing, moving, storage etc.) if this occurs after you pay a $300 deductible. When I relist the house I will purchase this on behalf of my clients just for their piece of mind. Very scary!!!
