Tommy Dobczyk and team break down a real estate deal gone wrong. The seller attached a mortgage before negotiation, and the property had contaminated soil requiring $50,000 to investigate. The buyers are now pursuing the seller's errors-and-omissions insurance.
Are you in the deal room? Well, it came with a deed of trust and the, and the promissory note attached to the offer. Well, the reason
why it's a red flag is because we never even got through due diligence or negotiation. They're already wanting to put us under financing immediately, which means it takes longer to get out of the deal because they've got a mortgage on us now instead of, oops, here's due diligence showing that you guys have dirty dirt. They can force us the minute we sign that PSA. They can force us to buy their dirty dirt. Cost us $50,000 to do the due diligence. When it would have been a simple conversation. Hey, by the way, this is dirty dirt. So that's why we're going after their E&O insurance. If you want to, gotcha.
And given that he was representing us and he did not tell us that and said that it was up to us to figure that out, like, given he's representing us
now. Katherine said that what happened yesterday was I turned into the land shark that when Telegram, he's like, come on, you got to take some ownership too. And he opened that door and I went Sorry, bro.
I was talking about is if you, if you Google YouTube Land Shark, there's all these skits on it and it's this whole—
it's a Saturday Night Live. Saturday Night Live skit based on Saturday Night Live, apparently.
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