• FreeAdvice has a new Terms of Service and Privacy Policy, effective May 25, 2018.
    By continuing to use this site, you are consenting to our Terms of Service and use of cookies.

Escrow being held without just cause

Accident - Bankruptcy - Criminal Law / DUI - Business - Consumer - Employment - Family - Immigration - Real Estate - Tax - Traffic - Wills   Please click a topic or scroll down for more.

Cathie123

Member
What is the name of your state? NJ

Good morning everyone. Here's my situation.

*Sold my NY home on May 31st 2007. Was originally scheduled to close on June 4th; however, the buyer did not want to pay out for the interest on her mortgage for June, so I agreed to close earlier and had a possession agreement drawn up by my attorney allowing me to stay in the home until my NJ home closed on June 15th. I was to pay per diem what my mortgage and taxes were. It was also stipulated in this agreement as follows:

"In the event the seller does not vacate the premises on June 15 2007 the rent shall be increased to $100.00 (from $55) per day beginning on June 16 2007."

*$2500 of my proceeds from the sale were held in escrow to insure my obligations (rent and damages).

*On June 12th I rec'ed confirmation from my NJ attorney that we would be officially closing on my new home on June 15th, so I immediately contacted the selling attorney(NY) and advised the same.

*On the morning of June 15th, I hand deliveried all of the house keys and garage door remotes to the my selling attorney (I handed them DIRECTLY to him), and advised that we were officially removed from the premises.

*Since June 20th, I've been playing a cat & mouse game with the selling attorney in trying to get him to return my phone calls, and I suppose by accident, he picked up my call on June 22nd.

* I was advised by this same attorney that the Buyers attorney is not willing to release my $1600 in escrow since the Buyer did not actually move into my home until the following week, which would be an additional $700, and she is also requesting an additional $100 to reimburse the buyer for the landscaper that was hired as the lawn grew in the time that no one was in the home.

I personally feel no obligation to this buyer for either of these matters as I was out of the home by the 15th and had the lawn tended to 1 week before I moved out. I cannot understand why my selling attorney can not stop this madness.

My question is this: Is this a common problem with these type of agreements? What are my options here? Should I take this to a small claims court? I would really rather try to handle this OUT of the court system, they're so backed up with everything else. And, if it does lead to this, who should I supena, my selling attorney, the buyer, or both?

I understand that we're not speaking of a huge amount of money here, but none the less, it's mine money and I want it back.

I thank you in advance for your reply.
 


efflandt

Senior Member
What does when the buyer moved in have to do with anything, if the contract was based on when you vacated? But I guess a question unanswered in your post is, if you did not turn the keys directly over to the buyer, how do you know when possession (keys, etc.) was passed to them?
 

Cathie123

Member
Efflandat asks:
What does when the buyer moved in have to do with anything, if the contract was based on when you vacated? But I guess a question unanswered in your post is, if you did not turn the keys directly over to the buyer, how do you know when possession (keys, etc.) was passed to them?
Yesterday 09:12 AM

What does when the buyer moved in have anything to do with anything is EXACTLY what I'm trying to figure out myself. All I know is that I vacated the property on June 15th with moving records to show the same.
The keys were turned over to my attorney as per HIS instructions. If there was anything else that I SHOULD have done before actually vacating the property, then beleive me, I would have. Could it be that I was not given adequate information and guidance from my counsil in order to have completed the transaction properly? And if this is the case, then I do I go about getting my money out of escrow as it was nothing that I had done to cause the delay?
Any help would be appreciated.
 

Cathie123

Member
Does ANYONE have any ideas as to what direction I should be going with this?
Should I simply file in small claims court? Who should I supena, my attorney or the buyer?

Any advise on this would be appreciated.
 

Find the Right Lawyer for Your Legal Issue!

Fast, Free, and Confidential
Top