Excel Realtors

On 11/20/the Seller *** *** signed an estimated Sellers Closing statement prepared by the Title Company showing an estimate of the funds she was going to receive. I explained this amount
represented a contract sales price, Title/Escrow fees, Broker Commissions, and other fees reflecting accepted contractI also explained this amount did not include her mortgage payoff, since the mortgage payoff amount had not been received yet
There was never a statement signed or prepared reflecting an estimate due to seller of $91,or $74,000. We believe that the confusion may have been from the client subtracting her own estimated mortgage payoff amount of $129,from the sales price of $220,000. which would amount to an estimated $91,000. When client estimated this amount she did consider any of the title fees, broker commissions and other fees, needed to sell her house.
We have discussed the figures with client and expect that everything has been clarified. Our goal with our sellers has always been to help them obtain the highest sales price for their homes. We have since closed escrow on this property. We sold the home for $20,000. more than the list price. Thank you for your time with this matter

Review: [redacted] (Lic. [redacted]) conducted the sale of my home. When I was in his office 11/20/2014 his secretary showed me a sheet of the breakdown of the proceeds of the sale. She did not tell me to sign it. It stated that I would be receiving $91,000. She then had me sign papers for the sale. Among those papers there was a sheet which I signed for her stating that I was receiving out of the sale $74,000. When I got home and read the papers I realized the amount was different from what the secretary showed me previously. When I called and complained [redacted] said look at the numbers. He did not explain how come there were two sets of numbers. There is a difference of $17,000. I suspect that I was cheated. The actual page that I signed was a copy of Old Republic Title Company office form.Desired Settlement: They need to explain the two sets of numbers. There is a discrepancy of $17,000. I am entitled to my money and I need an apology because they were condescending.

Business

Response:

On 11/20/14 the Seller [redacted] signed an estimated Sellers Closing statement prepared by the Title Company showing an estimate of the funds she was going to receive. I explained this amount represented a contract sales price, Title/Escrow fees, Broker Commissions, and other fees reflecting accepted contract. I also explained this amount did not include her mortgage payoff, since the mortgage payoff amount had not been received yet.