Real Estate Law

Have real estate law questions? Ask a real estate lawyer.

Ask a Lawyer,
Get an Answer ASAP!

This answer was rated:

I am in escrow on a new house in Los Angeles. I am

Hi. I am in...

Hi. I am in escrow on a new house in Los Angeles. I am concurrently selling my house, though I don't have that as a contingency on the purchase of the new house. The loan process for the buyers on my current house has been delayed a little bit. I've been told it's all approved, and they expect to get the CD today, then the loan docs to sign in three days. My realtor on the new house is trying to get me to release my inspection and loan contingencies once the buyers on my current house sign their loan docs. But I'm worried that something might go wrong between the signing of the loan docs, and the actual close of escrow and receipt of the wire of funds. Once the buyers of my current house sign the loan documents, am I safe? Or can the lender always retain some power to pull out or cause other delays?

Lawyer's Assistant: Because real estate law varies from place to place, can you tell me what state this is in?

Californi

Lawyer's Assistant: Has any paperwork been filed?

We've done lots of paperwork. Not sure how to define what has been "filed" vs not.

Lawyer's Assistant: Anything else you want the lawyer to know before I connect you?

That's about it. figured it was pretty cut and dry question

Show More
Show Less
Ask Your Own Real Estate Law Question
Answered in 1 minute by:
8/15/2017
Richard
Richard, Lawyer
Category: Real Estate Law
Satisfied Customers: 56,899
Experience: 32 years of experience as lawyer in Texas. I'm also a Real Estate developer.
Verified

Hi! My name is Richard & I will be helping you today! It will take me a few minutes to type a response to your question. Thanks for your patience!

Ask Your Own Real Estate Law Question
Customer reply replied 10 months ago
ok thank you

Good afternoon. Once the loan documents are signed, then the lender is pretty much locked in. I can't promise you a buyer won't back out prior to closing for some reason, but if the buyer were to do so, the buyer would be in default and you would have the right to retain their earnest money deposit. Once the buyers sign, however, that's as much assurance as you can usually get that the deal is going to close other than the actual closing.

Thank you so much for allowing me to help you with your question. I have done my best to provide information which fully addresses your question. If you have any follow up questions, please ask! If I have fully answered your question(s) to your satisfaction, I would appreciate you rating my service as Good or Excellent (i.e., 4 or 5 stars)(hopefully Excellent/5 stars!). Otherwise, I receive no credit for assisting you today. I thank you in advance for taking the time to provide me a positive rating!

Richard
Richard, Lawyer
Category: Real Estate Law
Satisfied Customers: 56,899
Experience: 32 years of experience as lawyer in Texas. I'm also a Real Estate developer.
Verified
Richard and 87 other Real Estate Law Specialists are ready to help you
Ask your own question now

Thank you for the 4-star rating. I know rating takes an additional step and I truly appreciate you taking the extra time. It's been my honor and privilege to help you with this. If I can help you in any way in the future, I'll be happy to help. For easy access, my bookmark is: www.justanswer.com/law/expert-legalbeacon/ . Or, simply request “Richard only” in the first line of your question.

Ask Your Own Real Estate Law Question
Was this answer helpful?

How JustAnswer works

step-image
Describe your issueThe assistant will guide you
step-image
Chat 1:1 with a real estate lawyerLicensed Experts are available 24/7
step-image
100% satisfaction guaranteeGet all the answers you need
Ask Richard Your Own Question
Richard
Richard
Richard, Lawyer
Category: Real Estate Law
Satisfied Customers: 56,899
56,899 Satisfied Customers
Experience: 32 years of experience as lawyer in Texas. I'm also a Real Estate developer.

Richard is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises!

Gary B.Edmond, OK

My Expert was fast and seemed to have the answer to my taser question at the tips of her fingers. Communication was excellent. I left feeling confident in her answer.

EricRedwood City, CA

I am very pleased with JustAnswer as a place to go for divorce or criminal law knowledge and insight.

MichaelWichita, KS

PaulMJD helped me with questions I had regarding an urgent legal matter. His answers were excellent.

Three H.Houston, TX

Anne was extremely helpful. Her information put me in the right direction for action that kept me legal, possible saving me a ton of money in the future. Thank you again, Anne!!

ElaineAtlanta, GA

It worked great. I had the facts and I presented them to my ex-landlord and she folded and returned my deposit. The 50 bucks I spent with you solved my problem.

TonyApopka, FL

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

< Previous | Next >

Meet the Experts:

Barrister

Barrister

Lawyer

11,963 satisfied customers

17 years real estate, Realtor. Landlord 26 years

Infolawyer

Infolawyer

Lawyer

8,255 satisfied customers

Experienced lawyer

Ray

Ray

Lawyer

8,104 satisfied customers

Texas Attorney for 30 years dealing in real estate

LawTalk

LawTalk

Attorney

6,208 satisfied customers

I have 30 years legal experience. Additionally, in CA I held a Real Estate Broker's license.

Dimitry Esquire

Dimitry Esquire

Attorney

5,526 satisfied customers

JA Mentor, multiple jurisdictions, specialize in business/contract disputes, estate creation & admin

Ely

Ely

Counselor at Law

4,998 satisfied customers

Qualified attorney in private practice including business, family, criminal, and real estate issues.

P. Simmons

P. Simmons

Lawyer

3,540 satisfied customers

12+ yrs. of experience including real estate law.

< Previous | Next >

Related Real Estate Law Questions
I signed a contract for sale of my house with a real estate
Hi I signed a contract for sale of my house with a real estate agent representing the buyer. I forged my husbands signature. I now want out of this deal - what are my options:please? … read more
Ray
Ray
Lawyer
Doctoral Degree
8,104 satisfied customers
This is a question for a WA state real estate lawyer: My
Hello. This is a question for a WA state real estate lawyer: My neighborhood has CCRs but the HOA was disbanded many years ago. The CCRs were written in 1963 and amended in 1969 and have not changed s… read more
Ray
Ray
Lawyer
Doctoral Degree
8,104 satisfied customers
Real Estate Broker Investor Disclosure If an LLC has a
Real Estate Broker Investor DisclosureIf an LLC has a Florida Real Estate Broker as one of the owners, and the real estate broker is sending out marketing letters making offers to purchase properties … read more
Michael Bradley
Michael Bradley
JD
1,443 satisfied customers
If my loan drops out of Escrow, do I get my Escrow deposit
if my loan drops out of Escrow, do I get my Escrow deposit back or do I have to pay for a home inspection for a VA loan that failed to go through? … read more
Bruce Schreiber
Bruce Schreiber
Juris Doctor
508 satisfied customers
I'm a real estate investor and i'm working with a realtor.
I'm a real estate investor and i'm working with a realtor. She has a house to buy I wanted to buy it on an option to buy contract and flip it to someone else before i even buy the house just do a doub… read more
Infolawyer
Infolawyer
Lawyer
Doctoral Degree
8,255 satisfied customers
How do real estate agents charge, and is it different if the
How do real estate agents charge, and is it different if the other party is working through a lawyer?… read more
LawGuy
LawGuy
Juris Doctor
123 satisfied customers
Is there any restriction if a licensed real estate broker
Is there any restriction if a licensed real estate broker hold an open house on Sunday for a different brokerage company. … read more
Lori
Lori
Juris Doctor
1,587 satisfied customers
My question deals with real estate law. I am a real estate
I am a real estate broker with a client who also has an attorney advising her. … read more
Richard
Richard
Lawyer
56,899 satisfied customers
I think I became a victim of real estate fraud. Not yet.
Hi, I think I became a victim of real estate fraud … read more
WiseOwl58
WiseOwl58
JD Honors Graduate
4,165 satisfied customers
I think a person failed to be honest in a real estate
I think a person failed to be honest in a real estate situation … read more
PaulmoJD
PaulmoJD
Attorney At Law
Doctoral Degree
106 satisfied customers
Can an attorney in local govenemnt sponsor real estate
Can an attorney in local govenemnt sponsor real estate agents as if he was a real estate broker? … read more
Phillips Esq.
Phillips Esq.
Attorney
JD
19,878 satisfied customers
In a transaction involving a "gift of real estate" there is
In a transaction involving a "gift of real estate" there is no consideration (it's a gift). If the gift deed is recorded is it protected from third party claims or can it be challenged because there w… read more
Barrister
Barrister
Lawyer
Doctoral Degree
11,963 satisfied customers
Real estate Question Can you define “wholesale real estate”
Real estate Question Can you define “wholesale real estate” & “Bandit”sign? Also, are bandit signs legal in Michigan?… read more
LegalGems
LegalGems
Juris Doctorate
12,307 satisfied customers
Need a real estate lawyer in city. I signed a real estate
I signed a real estate contract without my thinking through but would like to cancel the contract. what can I do without getting sued? … read more
Richard
Richard
Lawyer
56,899 satisfied customers
This is a real estate issue. We are the sellers of a home.
This is a real estate issue. We are the sellers of a home. Our next door neighbor's propane tank is encroaching on our property by two ft. The neighbor has verbally agreed to have it relocated but it … read more
WiseOwl58
WiseOwl58
JD Honors Graduate
4,165 satisfied customers
Is an Agreement for the Sale of Commercial Real Estate
Is an Agreement for the Sale of Commercial Real Estate binding if only the Husband signs the Agreement although both the husband and wife are on the deed for the property … read more
Ray
Ray
Lawyer
Doctoral Degree
8,104 satisfied customers
Does a real estate investment fund need a real estate
Does a real estate investment fund need a real estate license to operate? The crowd funding company's real estate broker license was suspended since 11/11/2017 due to several violations that was broug… read more
PaulmoJD
PaulmoJD
Attorney At Law
Doctoral Degree
106 satisfied customers
This is a real estate question. I have an escrow being tied
this is a real estate question. I have an escrow being tied up due to a property that was loan denied. per sellers lawyer they feel I breached contract due to time frame. Both the broker & my real est… read more
Barrister
Barrister
Lawyer
Doctoral Degree
11,963 satisfied customers

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

Show MoreShow Less

Ask Your Question

x