Seller destroying property after close of Escrow?

Tips and Deals Forums Buying Your Home Buying a Home in Los Angeles Seller destroying property after close of Escrow?

This topic contains 0 replies, has 1 voice, and was last updated by  Anonymous 7 years, 2 months ago.

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    Anonymous

    Hi –
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    We have agreed on the purchase agreement to take possession of the house 2 days after close of Escrow. We are paying only 2 thousand dollars less than the asking price. Since it is a new house the seller denied providing the one year insurance as the property is a recent construction (2 year old); we agreed on that in the agreement. Now, the seller seems to be angry at us for the price we are paying him for the house, but he doesn’t have a choice but to sell the house.
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    Now our fear is that:

    • What if the seller damages the property in the 2 days after the escrow is closed and before they move out?
    • In your experience have you seen this happening?
    • Is there anything that can be done to avoid that? Maybe send a notice to the seller?
    • What can be done if the property is destroyed – can we go after the seller through lawyer?
    • Can we request for change in contract now to take the possession of the house on day of close of escrow?

    Appreciate your advice.
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    Thanks!!

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