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DADDY380

396 Posts

Posted - 07/15/2008 :  10:26:14 AM
was about to close a commercial refi in omaha, nebraska last month--but borrower decided last minute to go with another lender even though he signed a broker fee agreement with me--ans I was able to originate an investor to close and brauight him all the way to the table-please recommend a good attorney for retreival of funds or to put judgement on property--thanks so much


daniel
EMScommercial

5138 Posts

Posted - 07/16/2008 :  12:18:29 PM
daniel... so you say your deal never closed? there's nothing you can do.... unless you have some sort of 'services rendered' contract.... our (broker) fees are collected due to a closing that we arranged.... if the client went elsewhere.... chalk it up to bad experience....

if we all could get fees for loans we worked on, but didn't close - we'd all be alot better off.....
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