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William Bronchick is a nationally-known attorney, author, and speaker. He has been practicing law and investing in real estate since 1990 and has been involved in over 2,000 real estate transactions.

He has trained countless people all over the country to become financially successful.

Bill has served as President of the Colorado Association of Real Estate Investors since 1996. He is admitted to practice law before the bars of New York and Colorado.

He is the author of many excellent real estate investing and asset protection courses.

John Merchant is retired lawyer and long-time real estate investor. He's owned commercial real estate of every type in a number of states. He's a frequent speaker at real estate investment gatherings and contributes real estate investing articles to various real estate newsletters and publications.

His current real estate focus is the operation and expansion of a foreclosure trustee company and mobile home wholesaling.

John's book Use of IRA and Other Retirement Plans in Real Estate Investing was one of the first to address this real estate investment tool and has had many printings.


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Old 09-16-2005, 08:55 AM
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Default Seller decides to make offer to neighbor - Posted by monica

Posted by monica on September 16, 2005 at 08:55:12:

My husband and I made an offer and the seller agreed to it. We just found out that the seller recieved an offer from his neighbor behind the sellers agent's back. The agent found out from the neighbor that the seller agreed to his offer. I believe its a verbal agreement. My husband and I have a written offer agreement and my husband already relocated to his new job. We were already in the beginning of negotiations with the seller.
Is there anything that can be done? We need answer right away.
Thanks


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Old 09-16-2005, 09:22 AM
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Default Re: Seller decides to make offer to neighbor - Posted by dealmaker

Posted by dealmaker on September 16, 2005 at 09:22:38:

monica I need a little clarification before I can give you a good answer.

You start out by saying that the "seller agreed to it". Yet later you say that "we were already in the beginning of negotiations with the seller".

Do you have a PURCHASE AND SALES AGREEMENT (provided by the Realtor), on which ALL POINTS have been agreed to BY ALL THE PARTIES, and on which the Realtor has forwarded your EARNEST MONEY CHECK to the CLOSING ATTORNEY, or TITLE COMPANY?

Let us know the answers and we can help you.

dealmaker


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