I am under contract in one of the property in McKinney in TX. My property agent force me to go with ABC lending company. After denial my application with lot i finally think to go with that ABC company. For last 3 weeks he is just keep extending my contract and not come up with any final loan approval. Yesterday i was going out of my earnest money time period and i request my agent to send them a denial letter that i was not approved and cancel the deal. It would save my $2000.00 earnest money. But deny to submit the denial letter. finally he said of ABC company will give me denial letter i will terminate you contract. I try to call ABC company 100 times. But they didn't pick up my phone and the earnest money time is over. Now i really don't want to take this property because my agent.
It sounds like from your post that there is a serious situation of breach of duty of loyalty and care by the realtor. I think you should consult with an attorney because you may be entitled to three times your damages and attorneys fees under Texas law.
My answer is not intended to be giving legal advice and this topic can be a complex area where the advice of a licensed attorney in your State should be obtained. Please click "helpful" or "best answer" if my answer added any value or add a "comment" if you have more info for me to help you get a better answer.
You should probably take your contract to an attorney as soon as possible to review its terms and advise you of your rights and obligations. Most residential contracts have several items for which the seller can terminate. You need to see whether any of them still apply to you.
The above statements are provided as general information and not intended as legal advice. Each matter has its own set of unique circumstances that cannot be adequately addressed without consultation. You are strongly advised to hire an attorney licensed to practice law in your state to represent you.
First, read your contract of sale concerning the financing contingency, and make sure that you comply with the provision. Otherwise, you could lose your deposit and could be liable for the damages specified in the contract.
If someone is not performing their duties properly write a letter by certified mail, return receipt requested, to set out the facts and to demand what you need to have done. If you have called 100 times, then write to document that.
I don't understand how your agent could force you to do anything. The agent is your agent, and should be an adviser and counselor.
The seller is not responsible for your agent, and your relationship with your agent should not affect the seller's rights under the contract of sale.
Take your contract and the paperwork associated with the transaction to an attorney for an evaluation of your rights.
Years licensed, work experience, educationLegal community recognition
Peer endorsements, associations, awardsLegal thought leadership
Publications, speaking engagementsDiscipline