Bad Faith

“What do you mean I can’t back out on the inspection,” James “Jamo” Monahan demanded. “Say the frigging icemaker doesn’t work or something.”

“Like I told you earlier, James, er, I mean Jamo,” Agnes DeMerrit explained to her disingenuous client on the other end of the line. “There is no second bite at the apple once repairs are agreed to by both parties. Besides, your ten days were up two weeks ago.”

“Financing?”

“Your loan is approved,” Agnes responded, her short, grey hair losing pigment by the syllable.

“What if I go buy a car to screw up my ratios,” Jamo offered.

“That would be bad faith, James, er, I mean Jamo,” Agnes chastised. “It will cost you your earnest money.”

“Okay, the appraisal,” Jamo suggested. “We can still back out on the appraisal, right?”

“Appraisal came back at purchase price,” Agnes informed him.

“But you said it was ‘highly unlikely’ to appraise at the sales price,” Jamo exploded in her ear. “Now you’re telling me that I’m stuck in a deal at a price I never intended to pay? You listen to me, and you listen to me good. You better find me a way out of this contract or so help me God-“

Agnes pulled the phone away from her ear and took a deep breath. She despised working with investors. Absolutely despised it. Had she not run headlong into the driest spell of a forty year Real Estate career, she would have sent this creep packing so fast his Grecian Formula Plus infused head would have spun inside the raised collar of his pink imitation Polo shirt.

As a rule, she preferred buyers who were actually interested in buying.

“Agnes? Agnes?”

Her client’s strident voice sounded small and tinny from a distance. She took a moment to withdraw something from the desk drawer of her home office before putting the phone back to her ear. She absently unwound a snarl in the cord as she spoke.

“All done?”

Jamo’s silence answered for him.

“Good. Now I’m going to tell you exactly how we are going to get you out of this contract with your earnest funds intact so that you can pursue that new short sale in BFE that just hit the market this morning. If you’re ready to put on your big boy pants and listen, that is.”

“I’m listening.”

“Really listening?

“Yes, I’m really listening,” Jamo assured her.

“No, James,” Agnes rebuked. “I mean really listening.”

“Look, I’m listening, okay,” Jamo replied with exasperation. “I’m really, really listening. The world has stopped outside of this conversation. I’m on pins and freaking needles. Now pretty please with a cherry on top, just tell me what to do!”

Agnes whispered, barely audible.

“What,” Jamo asked.

She whispered again, slightly louder.

“What,” Jamo asked again, straining to understand.

Agnes waited a beat before giving the air horn poised over the mouthpiece of the phone one long, shrill blast and terminating the call.

“I said you’re fired, Jay-mo.”

50 Things I’ve Learned Since 2007

One does not live through a Bubonic Real Estate Plague without lancing a few boils, or learning a thing or fifty. For your own edification, I give to you the lessons of a post-bubble Scottsdale Real Estate agent.
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  • Real Estate values can, indeed, decline. Oh, how they can decline.
  • “Short sale” is synonymous with “tall tale.”
  • “Days On Market” can be tabulated by cutting open a listing and counting the rings.
  • Banks make lousy neighbors.
  • Poverty is the new Atkins.
  • “Capital Gains” section of the US Tax Code has been renamed “Skip Ahead.”
  • A bird in hand is worth two in the bush. Both are worth 40% less than they were in 2006.
  • There are no stupid questions. Unless an underwriter is asking it.
  • The 2 Live Crew’s 2010 box set release includes a remastered “Me So Hungry” mix.
  • New Fannie Mae guidelines call for additional “skin in the game” from borrowers. 20% down payment requirement to be bolstered by virgin sacrifice starting April 2011.
  • Updating one’s Facebook status counts as a billable hour.
  • Top Ramen goes with everything.
  • Grim Reaper costume at listing appointments … funnier in theory.
  • Replacing GPS in vehicle with a taxi meter = stroke of genius.
  • Mortgage brokers now housed next to spotted owls at the Phoenix Zoo.
  • Obtaining short sale approval from the bank not unlike Tim Robbins crawling through 100 yards of raw sewage to reach freedom in “The Shawshank Redemption.”
  • An appraiser is the definitive authority on a home’s value. Except when he isn’t.
  • If you close one eye and squint at your bank account ledger, the zeroes look like eights.
  • The National Association of Realtors decrees now to be the best time to buy a house for the 8612th consecutive month.
  • We are the fevered dream of J. Robert Oppenheimer.
  • “Stop, Drop and Roll” implemented as new fiscal policy following 2010 mid-term elections.
  • It takes 10,456 licks to get to the center of a mortgage-backed security.
  • Bank of America CEO Brian Moynihan rumored to be next target of Chris Hansen in upcoming edition of “To Catch a Predator” on Dateline NBC.
  • Lockboxes make excellent paperweights.
  • Alka Seltzer is a gateway drug.
  • Announcing “Now I’ve seen it all” is an open invitation for Mike Tyson to show up at your next closing to gnaw on the escrow officer’s ear.
  • We still won the Cold War, though, right?
  • Social Media works on even the toughest stains.
  • A family of four can live off a pack of fruit flavored Mentos indefinitely.
  • Mysterious engine noise is remedied through proper use of the “+” button next to the “Volume” icon on the dashboard of an Infiniti FX35.
  • “Homeless” people officially rebranded “Debt-Free Persons” in 2009.
  • Bailing out failing banks without placing pre-conditions on funds tantamount to moving the headstones, but leaving the bodies.
  • Just when the caterpillar thought the world had ended, it turned into a beautiful butterfly. And then a pigeon ate its head.
  • The space between the bathroom vanity and toilet qualifies as a Real Estate niche.
  • Confucius say, “When going get tough, do BPOs.”
  • In case of emergency, the only thing separating Cheese Whiz from soup is a microwave.
  • There is no “i” in “team,” but there are eight of them in “I am going to stab you in the face if you don’t respond to my offer this week, First Bank of Indifference!”
  • The Mayans were optimists.
  • Pi = Median FICO score for a 2011 rental applicant.
  • Buyers and Sellers can’t both be the iceberg. Guess who’s been the Titanic for the past four voyages?
  • As ghost towns go, Tombstone ain’t got nothing on Queen Creek.
  • Osama Bin Laden is not dead, he’s just negotiating short sales for Citibank out of his cave in Pakistan. Please hold.
  • Negative Equity is eating Gilbert’s Grape.
  • Pompeii called. It said, “Sucks to be you!”
  • There are two types of people in the new economy. Let’s eat the other kind.
  • Life insurance is a misnomer.
  • The only thing we have to fear is fear of turning tricks in a truckstop restroom to pay the Iphone bill while our families eat cat food under a bridge itself.
  • US Bankruptcy Courts are the new golden arches: Over 1 billion people served!
  • Laughter is the best medicine. Jack Daniels is a close second.
  • The Halebop Cult people were right.

Did I miss anything? Drop me a comment to add to the list

REALTORs Released Back Into the Wild

Feb 9, 2013 09:45 AM
Disassociative Press
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SCOTTSDALE (DP) – A four year federal wildlife program to rehabilitate the sagging numbers of a local animal population has proven to be a rousing success, according to Dr. Slade Winders of the Herpetological Society of North America.  Non-indigenous to the Sonoran Desert, Realtus Serpentes is believed to have first been introduced to Arizona shortly after the Gadsden Purchase in 1853 by a traveling circus based out of Toledo, OH. An aggressive reptilian known commonly as “REALTOR,” Realtus Serpentes wasted little time overrunning the desert terrain, specifically the densely populated metro areas, earning the apex predator a fast reputation as a nuisance species.

“Times were you couldn’t turn around without bumping into six of the f&%$*rs,” according to sixty year Scottsdale resident Eli Jessop.

Such anecdotal reports were backed up by hard data. By the year 2000, there were more REALTORs in Scottsdale than all other species combined.

“We hadn’t seen this level of infestation since Menudo, possibly The Bay City Rollers,” said Early Cousins of the Center for Disease Control in Atlanta, GA when reached for comment.

The unbridled population surge was derailed with the bursting of the housing bubble in 2007, however. While omnivorous, the REALTOR’s primary food sources are the Homeownerus Equitablis and Buyerus Solventus. Suddenly deprived of both during the period Real Estate naturalists refer to as the “The Lost Years,” REALTORs that once had their choice of bloated, single-family prey were left to scavenge the picked over bones of short sale carcasses and chase down stray tenants for section 8 tenement housing. The results were devastating. According to Dr. Winders, the population of REALTORs plummeted from a high water mark of approximately seventeen trillion in the second quarter of 2006 to twenty eight within ten months.

“Classic overpopulation model,” Winders noted. “This species was so successful in dominating its environment that it outpaced its food source. The resulting attrition to the Realtus Serpentes‘ ranks brought it to the brink of extinction. That’s when we stepped in.”

In addition to losing numbers to starvation, neighboring markets and social media, the REALTOR has been a frequent target of poaching. Long coveted by boot makers for its leathery pelt, REALTOR pot-shotting spiked sharply from 2007-2009 in tandem with home value degradation and mortgage defaults.

“I got one a’ the sumbiches on the wall in my den,” Jessop boasted. “Probably weren’t the same one that sold me this dump for five hunnered grand, but what do I care? All look the same anyway.”

Placed on the endangered species list in late 2009 after a comprehensive federal wildlife study determined through geo-tagging and tracking that the Scottsdale REALTOR population was down to four REO agents, two short sale specialists and a silverback who had occupied the same bullpen cubicle since the Truman administration, the surviving animals were originally housed in the venomous reptile enclosure of the Phoenix Zoo until a new wing with WIFI and Hannibal Lecter restraints could be erected. Much to visitors’ delight, a microfiche machine and Sanka dispensary were provided to ease the transition of the one zoo staffers would come to affectionately dub “Mongo.”

In the ensuing months, new financing options emerged, interest rates remained low and prices began to stabilize, coaxing Buyerus Solventus to return to its natural grazing areas. Perhaps even more encouraging, members of the sub-species Investorus Gigantus migrated from the plains of the Midwest and the frozen reaches of Canada to take advantage of the unprecedented value bounty before all of the good grass was gone. Before long, the prey numbers had grown so large that the REALTORs began returning as well.

“First one I seen in the wild since 2008 was last March. Thought it was just another chupacabra until I saw the scales,” said Jessop.

Soon enough, Arizona Real Estate schools were operating at full capacity and license renewals picked up as quickly as they had dropped off. An aggressive public awareness campaign helped to alter the image of the REALTOR from mindless equity killer to vital member of the housing ecosystem. Through the Adopt-An-Agent program, thousands of Scottsdale residents learned to live side by side with the misunderstood tetrapod, grudgingly accepting the occasional blood sacrifice in return for the symbiotic culling of the Bankus Properitus, or “bank owned property” herds. The cumulative effect proved so successful that the REALTOR was officially removed from the endangered list in May of 2012. According to Arizona Game and Fish estimates, there are now nearly fifty billion REALTORs in the metro Phoenix area today. The success of the repopulation effort has taken even its most optimistic supporters by surprise.

“Never in my wildest dreams did I think I’d be standing here today, four short years later, saying that we are ready to release the original Scottsdale Seven back into the wild,” Winders admitted. “Now our children don’t just have to read about these magnificent creatures in textbooks or visit them at our zoos, but will actually get to see them in their natural habitat for generations to come. This is a victory for us all.”

“Horses&$t,” added Jessop.

-Paul Slaybaugh, Staff Writer
© 2013 The Disassociative Press. All rights reserved.
______________________________________________________________________

Update: At 6:32 AM on Feb 10, 2013, the so-called “Scottsdale Seven” REALTORs were released behind a vacant, bank-owned tri-level near McDonald and Granite Reef in central Scottsdale. Two were shot within four hours and one took a job selling mobile phones, but four have been successfully re-assimilated into their packs. When reached for comment, Dr. Winders said he was proud of his team’s achievements and that he was returning to his previous work performing blindfolded root canals on rabid king cobras with overbites.

Somewhere on an Online Real Estate Forum …

Q & A: Home Buying in 85258




I want to buy a home that is for sale in McCormick Ranch for $495,000. I've heard I can get a better deal if I don't use an agent, is this true? Also, what is the normal amount to take off the list price for an offer? Need help, please! 
 
-Jean, Home Buyer in Scottsdale, AZ

Sat Feb 6 2010, 11:37 - Property in 85258
27 answers

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First Answer

First!

-Tommy Gunn, Real Estate Agent in Sacramento, CA

Sat Feb 6 2010, 11:37

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Hi Jean!!!

First of all, welcome to Scottsdale! McCormick Ranch is a wonderful community with amazing amenities. I should know, I’ve specialized in the area for the past 17 years!!! Should you need any help drafting on offer for this property, I’d be more than happy to help! On average, my clients pay 5.8% less on their purchases than my competitors’ clients do! Visit my website to learn how this is possible!!!!

-Dani Danderson, Real Estate Agent in Casa Grande, AZ

Web Reference: http://WWW.HIREME.PLEASE
Sat Feb 6 2010, 11:38

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Congratulations on your decision to buy a house, Jean. I am a mortgage broker in Pensacola, Florida who has seen firsthand just how advantageous homeownership can be for my clients. If you would like the name of a local Real Estate specialist, I’d be more than happy to refer you to one of my referral partners in the area. Also, I am licensed to broker mortgages in all fifty states, as well as Guam, Puerto Rico and parts of the Ivory Coast. Visit my site today to find out what financing option is right for you!

– Geoff Belanger, Mortgage Broker in NYC

Sat Feb 6 2010, 11:41

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Nice that all of these out of area professionals are offering advice for questions that aren’t even in the same state. Can we somehow make it so you can’t answer a question unless it’s in your actual market? Oh, and Tommy? Grow up.

– Edward Alverez, Real Estate Agent in Aspen, CO

Sat Feb 6 2010, 11:43

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Hi Jean, unlike my colleague from Casa Grande, I actually live and work this area. I just checked the MLS, and there aren’t any current active listings priced at $495k in McCormick Ranch. Are you sure the house isn’t already under contract?

– Amanda Hahn, Real Estate Agent in Scottsdale, AZ

Sat Feb 6 2010, 11:47

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Oops, forgot my web address. Remember, I can lend throughout the Western hemisphere and the southeastern quadrant of New Delhi.

– Geoff Belanger, Mortgage Broker in NYC

Web Reference: HTTP://WWW.LOANSINHELSINKI.COM
Sat Feb 6 2010, 11:48

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Make me

Tommy Gunn, Real Estate Agent in Sacramento, CA

Sat Feb 6 2010, 11:52

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Hi Jean. McCormick Ranch Real Estate is good. You should do good with purchasing one McCormick Ranch Real Estate. I can help also in all markets too. Good luck!

– Peggy Summerbottom, Real Estate Agent in Phoenix, AZ

Sat Feb 6 2010, 11:53

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Realtors are crooks and scumbags. Get a real job loosers!

– B Real, Home Seller in Eugene, OR

Sat Feb 6 2010, 11:59

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Jean, the idea that you can somehow get a better deal on a house if you don’t have your own Realtor has been around awhile, and it is a myth. Some seem to think that the listing agent will be willing to shave a percent or two off the total commission if the buyer is unrepresented, but no non-knuckle-dragging homo sapien will take on the added work and risk of handling both sides of the transaction for the same compensation he or she would get if another agent were involved. Besides, you are cutting off your nose to spite your face by looking at that small pile of money instead of the big picture. The listing agent represents the seller and is charged with squeezing the highest price out of you as possible. A good buyer’s agent will save you countless dollars on a purchase, and untold heartache. Find a professional you trust and lean on his/her knowledge and experience to ensure you not only get the home for the lowest price possible, but that you isolate the right candidate to begin with. I’m not trying to solicit your business, just seen too many well-intentioned but misinformed people get burned by minsconceptions. Whatever you decide, I wish you the best.

– Andy Tomson, Real Estate Agent in Chandler, AZ

Sat Feb 3 2010, 12:03

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Oh, and the whole percentage off list price thing is a red herring, too. There is no magic amount to offer off list price from one property to the next as all list prices are not created equal. Study the comps to determine market value, and base your offer accordingly.

– Andy Tomson, Real Estate Agent in Chandler, AZ

Sat Feb 3 2010, 12:04

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Best Answer

Yes, go straight to the listing agent and offer 50% of list price. It’s a buyer’s market.

– Johnny Carwash, Chief Shammy Technician in Pamona, CA

Sat Feb 3 2010, 12:12

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Sexy Russian Girls!!!

Click here for a list of naughty Siberian Hussies in your town!

– XXXXX, Guest in Other

Sat Feb 6 2010, 12:24

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My God, I am surrounded by imbeciles. I have specialized in McCormick Ranch for the past twenty two years and have never heard of any of these so-called “experts” before. I’d check your pockets after meeting with any of these shylocks.  If you want to talk to somebody who actually knows what the hell they’re talking about, give me a call.

– Gregory Mallard

Web Reference: You’ll look it up if you are really serious

Sat Feb 6 2010, 12:48

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Why would you buy a house in this market the prices are going to drop another 40 percent you dummy realitors will tell you anything to buy they don’t get paid unless you buy use your head guy jeez.

– Realistic, Home Buyer in Maricopa County

Sat Feb 6 2010, 14:37

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That is soooooo exciiiiiiiiiting! I live in McCormick Ranch and I looooooooooooooooooooove it!!!! I’m still on shift at the salon (we’ve got wifi – hee hee!), but I do Real Estate on the weekends too! Give me a call when I get off work tonight and I can tell you about all the benefits of working with a professional Real Estate agent! Think of me as two for one. I’ll save you thousands on your home and make your hair look FABO for FREE!!!!!!!

– Dede Beans, Real Estate Agent in Scottsdale, AZ

Sat Feb 6 2010, 15:56

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Why not move to Milwaukee instead?

– Mason Pilsner, Real Estate Agent in Milwaukee, WI

Sat Feb 6 2010, 18:17

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Thank you everyone, but I found out that the house sold back in May. Stupid websites. I’ll post again when I find another house. Think I might actually start looking in Gilbert. They have lake communities down there that are way cheaper. Thanks again for all of your input.

– Jean, Home Buyer in Scottsdale, AZ

Sun Feb 7 2010, 9:49

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According to the community website:
“McCormick Ranch in Scottsdale Arizona was the first master planned community in Scottsdale, Arizona. Incorporated in 1972, it is famous for its lake system, greenbelts, walking paths and neighborhood parks. Home to the top rated schools in the state, McCormick Ranch has grown to over 20,000 residents. Residents earn an average annual income of $87,000, and the majority have college educations. The McCormick Stillman Railroad Park is home to many community events such as Railfair and the Summer Concert Series.”
Hope this helps!

– Benson MacDougle, Real Estate Agent in Lake Tahoe, NV

Sun Feb 7 2010, 19:51
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I know many exceptional Real Estate agents all across the country. I would be happy to provide you with a referral to a local specialist from my network.

Cliff Basehead, Leads R Us in Topeka, KS

Web Reference: HTTP://StuckInTheMiddleWithYou.Com
Wed Feb 10 2010, 6:14

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R U still looking?

– Dani Danderson, Real Estate Agent in Casa Grande, AZ

Web Reference: HTTP://HireMe.Please
Fri Apr 16 2010, 17:38

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Does anyone know how to turn off the comment notifications on this thing?

– Jean, Home Buyer in Albuquerque, NM

Fri Apr 16 2010, 20:51

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McCormick Ranch is great! I’ve been selling here since 1999. Give me a call if I can show you around or answer any questions about the community that you may have!

– Rip Van Winkle, Real Estate Agent in Scottsdale, AZ

Web Reference: HTTP://McCormickRanchHome.com
Wed Feb 2 2011, 10:04

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Realtors suck

– Jaded, Home Buyer in Fairbanks, AK

Thu Mar 17 2011, 13:13

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Anybody seen the new Transformers movie yet? Is it any good?

Darryl, Home Seller in Little Rock, AK

Thu Mar 17 2011, 13:59

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Seriously, how do I turn off notifications?

– Jean, Home Buyer in Salem, OR

Fri Mar 18 2011, 7:42

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Marco?

– Geoff Belanger, Mortgage Broker in NYC / Tripoli

Mon Oct 31 2011, 0:01

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Terms of Service

By utilizing this platform, all users hereby acknowledge they have read and agree to the terms of service written in six point, comic sans font in the Mandarin Chinese dialect in the footer of the secret page which cannot be found in the navigation bar. We are not responsible in any way for the content of postings herein or the ensuing commentary. Should any content be deemed inappropriate, we reserve the right to delete the offending material and revoke the account of the perpetrator after getting a good solid twelve hours of sitting at our monitors and laughing our asses off out of the ensuing fracas. Dance, you monkeys! Dance! In the event that you should ever wish to delete your account or unsubscribe to notifications, tough t$tty for you, fishface. You’re ours.

See you on the boards!

Standard Bank Addendum

Standard Addendum to Purchase Contract

Purchase Agreement for a First Bank of Asbestos (henceforth referred to as “Seller”) property is non-binding unless this addendum has been attached and fully executed by all parties. In the event of a dispute between the language of the Purchase Agreement (or subsequent addenda) and this addendum, the terms of this addendum shall prevail. Under no circumstances shall the terms of this addendum be altered by any party other than Mephistopheles himself.

Buyer, ______________________________, understands that the property located at _____________________________ in _______________________, _______ has been acquired through foreclosure (or similar jurisdictional process) by Seller. As such, Seller has no knowledge of the property’s history and makes no warranties, express or implied, as to its condition.

*Buyer acknowledges that Seller doesn’t know s&$% _________  (Buyer Initials)

In the unlikely event that Seller should learn anything about the condition or history of the property at any time during the course of the transaction, Seller still doesn’t know s&$%.

Buyer to include child’s pet bunny rabbit with all offers. Upon verbal notice of Seller’s acceptance of the Purchase Agreement, Buyer to deposit earnest funds in the amount of $1,000,000 in non-sequential bills in the offshore account of the Seller’s choosing. Should Buyer fail to deposit earnest funds within twenty four (24) hours of verbal acceptance, the rabbit dies.

Upon delivery of earnest funds, Buyer to be granted fifteen minutes to complete all desired physical inspections of the premises. Should Buyer require utilities to be turned on prior to inspection, Buyer may do so at his/her expense if he/she can properly name the tune of the Seller’s choosing in three notes. Should Buyer request any repairs be completed prior to Close of Escrow, Seller reserves the right to cancel this transaction, retain the earnest funds as damages and drop the Buyer off in the middle of the desert wearing a blindfold and bologna underwear.

*Buyer acknowledges that Seller won’t fix s&$% _________  (Buyer Initials)

In the event of a financed offer, Buyer to obtain full loan approval within ten seconds of execution of the Purchase Agreement. Close of Escrow to occur on a date convenient to Seller. Possibly next June. Maybe September. Seller to notify Buyer of the Close of Escrow Date on the day of closing. Should Buyer fail to perform, causing the closing to be delayed, Seller reserves the right to cancel this contract without further notice or grant an extension to the Buyer at a penalty of $100,000 per day. In the event that Buyer does not possess sufficient funds to meet these terms, Buyer may elect to name Seller in his/her Last Will and Testament and/or as sole beneficiary of the life insurance policy taken out in the amount owed.

*Buyer acknowledgement to “Watch your back, Jack.” ________  (Buyer Initials)

Upon successful Close of Escrow, Buyer agrees to be placed on the First Bank of Asbestos mailing list to learn about exciting new products and promotions before anyone else. Removal from our “Happy Homeowner Database” or enforcement of the provisions set forth in the National Do Not Call List Registry will result in Buyer missing out on special deals and helpful new homeowner tips, but participation is completely voluntary. Buyer is free to waive monthly subscription to “Understanding the Home We Told You We Know Nothing About” newsletter at any time.

*Buyer acknowledges that we still have the bunny.   _________  (Buyer Initials)

We thank you for selecting a First Bank of Asbestos home and look forward to denying your refinance application in the future on the grounds that there may or may not be a leaky underground missile silo on the premises that we don’t know s&$% about.

____________________________________________________
Buyer                                                                    Date

____________________________________________________
First Bank of Asbestos Representative                         Date

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