Seller plans to sign contract at closing?

This is not in the NYC metropolitan area of course.

This could be upstate NY with a small money deal, or some rural or small town somewhere.

The only time I've been involved in these casual closings is in rural areas, small towns. It's not unusual in such places for things to be rather (too) relaxed.

I certainly wouldn't send any more money by wire at this stage and plan to show up with a bank check somewhere instead. Not negotiable.

The risk you have is that something fraudulent is happening--but, not necessarily. We hope you know exactly where your earnest money deposit is.

No, this is in NY in Harlem. I am not wiring any money until this is straightened out. The wire was only to my attorney who is supposed to cut the check. I will look to find out where the earnest money is.
Thanks!

Have your lawyer been sleeping all these time?

No, she has been writing to them asking for a signed contract. They have been unresponsive. Their attorney never responds to her.

I assume that this is an all-cash deal, since I can't think of a bank that would commit financing without having a signed contract.

Still, prudence demands that you do a lien search -- is the seller expecting you to spend the money doing that while there's zero commitment on his part?

ali r.
DG Neary Realty

Without signing the contract, the seller must not deposit your 10% check.

Thanks. But Yuck: it's been deposited. I hope this works out. I'm starting to wonder about the seller's attorney.

Who is the seller's attorney?

The money is in escrow. Phew.

I recall some of your other posts & I can't help thinking that PERHAPS

I fear you are making a HUGE mistake. I hope not for your sake but your posts have always made me uneasy & I've suspected that you were so eager to go ahead that nothing anyone else said was making an impression. Best of luck!

Is this seriously happening? I'm asking a serious question.

I'd peg your chances of closing tomorrow without further complication at about .09% and I might even be generous with that estimate.

Wow. Really. Wow.

I kind of hope this is a bogus hoax of a post. If this is real, then this wins the award for self inflicted drama. I read the other posts by OP and all I can say is that whatever Nah said above; I second that emotion.

"I only found about this plan by writing a quick note to the seller's agent."

I'm confused. You wrote "the seller's agent"? Where is your agent? If you didn't have representation, then the seller's agent is also your agent and should legally be acting as a dual agent.

Wow. Really. Wow. I'll second that.

Sounds like you don't have a deal, and you don't have a closing. Your escrow is coming back or that atty is in big trouble, so don't worry.

I third.
Please tell me you plan on title insurance.
Use the money you saved on hiring your cousin, the traffic court attorney.

Geller - keep us posted. As I said on the other post, I'll be very surprised if this turns out to be a good deal for you but I wish you all the best!

whoa. good luck im curious to know how this turns out

I'm wondering what happened. Very unusual situation.

How did the closing go?

Seriously - keep us posted... I just read through some of your other threads, and ohmygod.

I hope it all went well.

Relax - no need to worry: Your funds are probably residing comfortably offshore on a permanent tropical vacation.

It's the least you can do for your money - it's been good to you; shouldn't you return the favor?

something sounds very wrong here and I am not sure how your atty is handling it? My initial questions are:

1. When did YOU sign the contract?
2. Like ALI said, I assume this is an all cash deal because how can u get a loan without a executed contract for a transaction?
3. Is this a coop or condo or townhouse? I assume coop or condo, so did that application process happen?
4. Who is guiding you here? Your atty or a buyers broker?

Agree, this kind of sounds unrealistic to me. I hope at least. If its real, then we need to answer some of the questions above first and find out what is going on here.

It's an HDFC apartment in Harlem, I believe. Read his other threads here on SE.

They signed the contract but we haven't closed yet. I think their attorney is a much older gent and the building hasn't turned over any apartments in a very long time.

So... did you close? Also wise move changing your name to Anonymous