Have you been asked to let the buyer move into the property prior to the close of escrow?
If so, BEWARE. Recently two different transactions have come to my attention. Both involving short sales where the same agent represented both the Buyer and Seller. In both cases, the Buyer moving in prior to close of escrow resulted in headaches for the parties to the transaction and litigation or threats of litigation with the Real Estate Professionals involved. Let me illustrate: [Read more…] about Buyers taking possession prior to the close of escrow.