My question involves real estate located in the State of: California
I recently sold my home and closed escrow a couple weeks ago. I received a call yesterday from my agent letting me know that the buyer's agent didn't provide them with a signed addendum for the repairs the buyer requested; therefore, the $500 credit in repairs that I agreed to provide the buyer wasn't taken out prior to the close of escrow. My agent asked me to send the buyer a check for $500 directly. I asked why a signed addendum was required as I agreed to give them the $500 credit when I (and the buyer's) signed the Seller Response and Buyer Reply to Request for Repair (C.A.R. form RRRR, 11/14). My agent said that even though we signed the RRRR form that an addendum is required for escrow to credit the buyers the $500. With that said, here are my questions:
1) From my point of view, escrow is closed and I've performed my actions as the seller. Am I really accountable for providing the buyers the $500?
2) If the agents couldn't get the documents all together isn't it their error/omission; therefore, their E&O insurance would have to cover them for this screw-up?
3) I'm not comfortable sending the buyer a check directly. When I told the agent that if I was required to pay it that I'd only send it through the escrow office she said I can't do that because escrow is now closed and the escrow company can't send checks to either party.
I'm getting the feeling that the agents/escrow company screwed up and are now trying to pin it on me, when it's not something that was my fault.
Thanks for your help!