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Settlement Letter Issues

Robin:

I am glad you got the settlement letter.  The statement you are referring to is very common.  Actually, in the course, I present a similar statement sample. That refers to people engaged in fraud.  That is not you.  This is my opinion, not legal advice.

Oscar

At 09:37 AM 8/20/2008, you wrote:

Hi Oscar,
 
I have a question about this short sale I have been working on with Litton Loan since I talked with you last.  Remember, I am in Springfield, Missouri, and have been trying to close on this house that had the fire damage. 
 
Litton faxed me an approval letter for $12K.  We were ready to close last Friday, but just 30 minutes before scheduled close, Litton says they had released the loan to another servicer, Real Time Resolutions, Inc., in Dallas. (we had asked for two more days which Litton had agreed upon but somehow it went ahead and was sent to RTR anyway)
 
I talked with them and faxed them what they needed, and today I received email from them, agreeing to $12K    —- BUT THEY INCLUDE THIS STATEMENT: 
 
"Real Time Resolutions, Inc. reserves the right to pursue loan contract or tort claims associated with the origination or purchase of the above referenced loan or property or with the settlement, such as fraud, negligence, perjury, or any other claims.  "
 
Oscar, I promised the seller she would not have any judgments against her, and she has no money, anyway.  (she is even in bankruptcy, not released from than until 2009)   I feel I have a moral obligation to her now not to allow RTR to pursue legal judgment against her. 
 
What can I do?  I was planning to call RTR and just tell them the deal wont go through this way.   Do you think they will agree not to pursue it?
 
Please reply immediately if you can, as everyone is waiting to close on this.
 
Thank you!
 
Robin

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