family turned out for the home inspection. It was like a holiday open house. The sale was supposed to close in 10 days, so the sellers rushed to find a rental and vacate their home. They hired extra help to move and clean the house for the soon to be new owners. Shortly thereafter, the stock brokerage firm informed the seller's agent that the proof-of-funds letter had a forged signature and the buyers were nowhere to be found.
• Undisclosed Hazard
In a transaction without the involvement of real estate agents, a woman purchased a rural home. She found out two years later, when she decided to sell the home, that it had once belonged to a person who was in prison for producing methamphetamine on site! The revelation legally obligated her to take the necessary steps to decontaminate the home in order to ensure it was fit for resale, costing her a whopping $26,000 in the process.
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