I represent the Buyer. The listing agent and Seller live out of the area. After approval, I visit the home to check on it, and the pool equipment had been stolen, pool green. Gated, neighborhood. Of course, when my Buyer made the offer that was accepted, the pool was gorgeous, and in good shape, with all equipment intact. The listing agent does not want to go back to the Banks (two loans), because it took three months to get it approved, and auction date has been postponed 3 times. Any ideas? Tell Buyer tough luck, you get to pay for new pool equipment ? I know the Seller cannot credit Buyer for repairs. Any suggestions? Seller has a $5,000 insurance deductible, so not covered.
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Three pool pumps, one for jacuzzi, pool, and pool water feature. Salt water system, and heater. The Pebble Tech Pool is probably no more than 15 gallons. I was told the Seller filed a police report, and will ask for a copy of it. The thieves did a very clean job, and knew exactly what they were doing. Left the filter. Harry, what is your opinion about going back to the bank with this new loss? LA suggests against it.
Absolutely go back to the lender. The fact that the LA or seller doesn't want to suggests to me that they really don't want to sell or they just don't care.
check your contract, it's probably as-is. That being said, get a police report and have the seller submit to the bank, they should be able to make an exception. Them not wanting to do the work is not an excuse, because if you walk away, they will most likely go to sale.