Comments on: New Real Estate Danger: Cancellation Fees https://www.luxuryhomedigest.com/2007/09/03/cancellation-fees/ Luxury Homes, Lifestyle and Travel Sat, 17 Aug 2013 21:00:59 +0000 hourly 1 By: Things are A Changing in the Real Estate World - Sacramento Real Estate https://www.luxuryhomedigest.com/2007/09/03/cancellation-fees/#comment-5326 Sat, 17 Aug 2013 21:00:59 +0000 http://luxuryhomedigest.com/2007/09/03/new-real-estate-danger-cancellation-fees/#comment-5326 […] fellow friend and Realtor in San Diego, Roberta Murphy of Luxury Home Digest recently helped a Home Buyer who decided to back out of the contract. The Home Buyer backed out […]

]]> By: The Real Estate Commission Conundrum | Carlsbad, Encinitas and San Diego Real Estate https://www.luxuryhomedigest.com/2007/09/03/cancellation-fees/#comment-530 Mon, 04 Oct 2010 00:00:18 +0000 http://luxuryhomedigest.com/2007/09/03/new-real-estate-danger-cancellation-fees/#comment-530 […] New Real Estate Danger: Cancellation Fees […]

]]> By: Roberta Murphy https://www.luxuryhomedigest.com/2007/09/03/cancellation-fees/#comment-529 Fri, 09 May 2008 12:21:37 +0000 http://luxuryhomedigest.com/2007/09/03/new-real-estate-danger-cancellation-fees/#comment-529 Hi Anita:

I am sorry you had such an unfortunate experience with your real estate agents in Illinois. We have never charged a cancellation fee to any of our clients–for any reason. Moreover, we offer an easy-exit on all of our San Diego listings.

Hope you were able to sell your home!

]]> By: Anita Clark https://www.luxuryhomedigest.com/2007/09/03/cancellation-fees/#comment-528 Fri, 09 May 2008 09:02:21 +0000 http://luxuryhomedigest.com/2007/09/03/new-real-estate-danger-cancellation-fees/#comment-528 I was threatened by a Remax2000 agent, Crete, Illinois at the end of last year to release the listing on my little,cheap $112,000 property by paying them $500 to release the listing. This goes on unchecked with the greed society now vengenful in this crashed housing market-especially back in(live in AZ now) in BTW where they get away with it often. I let the listing expire in Feb of this year, then placing it on the market By Owner after two non-performing Realtors(including the one mentioned) so I wouldn’t have to repeat the same litany of excuses both used, not REASONS but rather EXCUSES,saying “someone on the Multiple will sell it.”

]]> By: The Real Estate Commission Conundrum https://www.luxuryhomedigest.com/2007/09/03/cancellation-fees/#comment-527 Tue, 13 Nov 2007 15:38:02 +0000 http://luxuryhomedigest.com/2007/09/03/new-real-estate-danger-cancellation-fees/#comment-527 […] New Real Estate Danger: Cancellation Fees Bookmark to: […]

]]> By: William Johnson GRI CRS e-PRO https://www.luxuryhomedigest.com/2007/09/03/cancellation-fees/#comment-526 Mon, 17 Sep 2007 02:59:32 +0000 http://luxuryhomedigest.com/2007/09/03/new-real-estate-danger-cancellation-fees/#comment-526 Hi Roberta,

A sensational post and a one that needs to brought out more in the individual offices. Nothing surprises me in todays market but best we all be prepared and addres some of the potential issues that crop up.
The fees charged are onerous and may need to be court challenged. I hope your client is going to persue that remedy.

]]> By: Home Buyers, Sellers and Realtors Need to Know https://www.luxuryhomedigest.com/2007/09/03/cancellation-fees/#comment-525 Fri, 07 Sep 2007 13:57:39 +0000 http://luxuryhomedigest.com/2007/09/03/new-real-estate-danger-cancellation-fees/#comment-525 […] A fellow friend and Realtor in San Diego, Roberta Murphy of Luxury Home Digest recently helped a Home Buyer who decided to back out of the contract. The Home Buyer backed out during the disclosure period. All well and good, one would think…not so in this case. […]

]]> By: Roberta Murphy https://www.luxuryhomedigest.com/2007/09/03/cancellation-fees/#comment-524 Thu, 06 Sep 2007 18:48:54 +0000 http://luxuryhomedigest.com/2007/09/03/new-real-estate-danger-cancellation-fees/#comment-524 Phil:

I still want to believe that this incident was “abuse of discretion” on the part of that Pickford Escrow manager. Escrow cancellation fees of this enormity just haven’t been showing up elsewhere.

But, who knows? It is something we will certainly be shielding our real estate clients from in the future!

Thanks for stopping by.

]]> By: Phil https://www.luxuryhomedigest.com/2007/09/03/cancellation-fees/#comment-523 Thu, 06 Sep 2007 17:05:16 +0000 http://luxuryhomedigest.com/2007/09/03/new-real-estate-danger-cancellation-fees/#comment-523 Yeah, dont you just hate that small print!!!!!

If you would ban together against Pru and let them know that we all want that extra cash in these tough times but its not the right thing to do, then they will relent.

They are just counting on grumbling but no real action

]]> By: Roberta Murphy https://www.luxuryhomedigest.com/2007/09/03/cancellation-fees/#comment-522 Tue, 04 Sep 2007 16:25:05 +0000 http://luxuryhomedigest.com/2007/09/03/new-real-estate-danger-cancellation-fees/#comment-522 Jay:

My fingers have been itching to write about this incident, but I had to tame my anger. You see, I was also threatened by the escrow manager that if I wrote about this incident, I would be going up against all of Prudential and their resources.

I am going to give Prudential the benefit of doubt and assume this “manager” does not speak for management.

]]>