Original Message:
LMP Property Management: Anyone dealt with them? (by Stephen A.):
The paperwork I received included the contract and the buyer's prequalification letter. However, here are the problems I have found thus far: 1) If you look closely, there is no bank name on the prequal letter; 2) I cannot find any information on the internet or otherwise about the closing company; and 3) LMP is not willing to provide me the name of the buyer's financing company nor are they willing to give me contact information for the closing company.
So, as I see it, this company could also be the closing company and, therefore, control the escrow account. Considering the contract gives them up to several months to close, they could easily disappear with our money all the while claiming to be "closing".
Finally, the advice here was perfect. If the buyer were really interested in closing, they would call me back and take me up on the nationally recognized closing company. They have not called me.
Keep us all posted, but at this point I am not moving forward with them.