In German, the word "Gross" means large.
Once we had good clarity on the true level of systemic problems for all Brokers operating in the marketplace, there was no reason to feel any other transactions might have been any better.
We were eventually forced to make an extremely difficult, conscious decision related to the "condition contingency removal" clause. We could have walked away and left these problems for others to navigate, but there was a high likely hood we stood to loose comparable or more money in a rental situation than we were facing with this purchase or any others we attempted. It was not our first time between a Rock and a Hard Place.
We made a decision to Buy and this website details all of it.
For any who believe this an isolated case or a new problem, the image below provides a glimpse back to 2007...
Everyone in the industry knows that Appraisers got illogically blamed and regulated as part of the 2008 fallout.
It made no sense at all. It was the Bankers who created the mess?
Most likely it was very proper and honest comments like this that caused those doing the Rogue Work in Banking AND Brokerage to circle the Wagons and choke out the Appraiser Stock who were aware of far too much and willing to speak out.
What made the Seller's Agent comfortable presenting three patently incomplete statutory disclosure documents AFTER contract ratification to a Buyer's Agent who worked for another Broker ?
Why wasn't the Seller's Agent initially worried about problems with his own Broker's Quality control processes due to the incomplete documents either at time of listing or at time of contract ratification?
Why wasn't the Seller's Agent initially worried about problems with complaints or protests from the Buyer's Agent and/or Broker?
Why did a supporting member of the Buyers Brokerage, with 40 years experience, acknowledge concerns with the disclosure documents but suggest the seller's should ignore those problems, do their inspections and then make a decision about the transaction instead of asking the Broker's to straighten out the problems first?
Why was it difficult to get the Seller's AVID signed after notifying the Seller's Agent it was not signed? Why did that require managerial involvement from the Buyer's Brokerage, especially given the Transaction Coordinator for the Seller was in fact a Broker herself (for a third party brokerage)?
What made the Seller's Agent feel comfortable it was acceptable to ignore a written demand for a fully completed SPQ while simultaneously processing a Demand for Condition Contingency removal? According to him, the one page form document cover sheet was an older version of the form. Sometimes saying nothing better than uttering gibberish.
These are simply "GROSS" problems. There are no answers from any Attorney or any Broker that will actually properly and satisfactorily indicate that the California Brokerage System in Monterey County, and possibly far broader is operating in a reasonable, logical, healthy or even "legal" manner.
The Children are always the future for those living in "Healthy Societies". With systems like this in the public eye, what young person would look at our currently organized society as a place to explore commerce with the same benefits of the prior generations?
The current "Real Estate Professionals", "Politicians" and "Legal Class" that have allowed this county wide thorn bush to blossom and thrive while pretending it's got Roses on it are the Pothole now.
Why would any County or State not require the delivery of property disclosure documents prior to a purchase offer?
Why would any County or State not require the public posting of property disclosure documents prior to a purchase offer?
In more detail...
Why does the Monterey County contract allow for the delivery of all Disclosures after Ratification while the surrounding counties require delivery prior to the presentation of a Purchase Offer?
When was the change made to Monterey County rules allowing for the delivery of Disclosure Documents after ratification as opposed to prior?
Who Initiated the rule change and how does that process work?
Who approved the rule change and how does that process work?
There are at least 3 different contract packets for central California or California in general. What specific rules, such as the delivery timing of disclosure documents differentiates those?
I know. I wasn't supposed to know about all this stuff. Nobody who wasn't a member of your club was. Cats out of the Bag now.
What's this really about?
Why did the US Justice Department pull out of a tentative agreement and when did they do that again ?
to be continued....