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Delayed walk through inspection and Escrow with holdings

07/12/2004 04:19 PM smarisetty

Hi,

I recently brought a house, a month ago and was represeted by a dual agent, who opened the escrow.

I know very little about all the procedures. However, the agent ordered a termite inspection on my behalf asked them to call out all section-1 items and the seller to pay for, which they did.

The seller failed to remove his personal belongings weeks past the COE. So, no walk through inspection was completed or signed off.

Later, I discovered serious infestation, which was camaflauged by sellers belongings removed after COE. When inquired, the termite inspector told me that the seller and his agent asked him not to include this area in his report. The inspector now estimated the cost of section-1 for this areas as $30K after the second report, which is given after COE upon my request for no charge (as I already paid before).

The escrow company did not withhold any funds, to be paid after the walk through inspection is signed-off. Apparently the dual agent did not give these instructions to escrow officer.

This situation was brought to the attention of escrow officer, agent and seller. I am being ignored with no communication from agent or seller.

Question:
Is it normal to close an escrow without a walk-through inspection signed-off without with holding any funds?

Is it normal for a termite inspector to take instruction from a seller, when buyer orderded and paid for the termite inspection?

Who is responsible to make sure this did not happen?

What is it that I could have done to avoid it?

mm

Member Since
06/21/2004

Total Contributions
16 Posts

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