pamela t asked:


Deed of Sale of property in Nevada has been in escrow since December, 05. Closing was extended because there was a pending lien (bankruptcy CH 13) on the property. CH 13 was dismissed eventually and both seller and buyer can go back now to closing. Since property in Las Vegas has dropped drastically, there is a need to change the figures of purchase price of property. But the total am’t the seller will get is still the same. $200,000 is the am’t they actually sold to us. Original purchase is $268,000. $68,000.00 goes to gift of equity w/c the bank will hold. Buyer wrote an ammendment to change the purchase to $249,000.00 w/c is the current buying price of the property in the area where it is located. Still the am’t the buyer will get is still $200,000.00. so nothing has changed except the money the bank will hold as equity has lowered. Seller had a pending divorce and husband just refused to sign the ammendment because he just want to get even with the wife. who will get 100% of sale

Powered by Yahoo Answers