Advertisement
CONFESSION #0126 — DEAL THAT EXPLODED
Tuesday, July 15, 2025
I had a deal that was supposed to close on a Friday. Keys ready, moving truck scheduled, champagne in my fridge. Thursday at 4:47 PM, the buyer's agent calls me and casually mentions that her client just bought a boat. A boat. Not a small fishing boat either—a thirty-two-foot cabin cruiser that he financed the day before closing. The lender ran one final credit check, saw the new debt, and killed the mortgage on the spot. My seller had already moved out and was staying in a hotel. The buyer apparently didn't think it would be "a big deal" because the boat "was a really good price" and he "needed something for the summer." We lost the deal entirely because he couldn't resist a marina sale. The seller ended up relisting two weeks later and took fifteen thousand less from a different buyer. Every time I drive past the lake now, I want to scream. I've started including "please don't make any large purchases" in every single email I send, bolded and underlined. Three times.
Advertisement
Judge Reginald Escrow III
Judge Reginald Escrow III
⚖️ Presiding
GUILTY OF NAUTICAL NEGLIGENCE RESULTING IN CATASTROPHIC DEAL CAPSIZING
This Court has witnessed many acts of buyer sabotage, but purchasing a THIRTY-TWO-FOOT CABIN CRUISER forty-three hours before closing represents a new frontier in financial self-destruction. The defendant buyer apparently believed that mortgage underwriters are merely decorative figures who do not notice when someone finances a small yacht during the approval window. Judge Escrow must pause here to collect himself because the phrase "it was a really good price" is echoing in his chambers like the wail of a dying escrow. Your seller lost fifteen thousand dollars so this man could have "something for the summer," and this Court hopes he enjoys explaining to his children why they're eating marina hot dogs instead of building equity. The confessing agent is hereby commended for their new email protocol, though this Court recommends escalating to a signed affidavit, a blood oath, and perhaps a ankle monitor that shocks the buyer if they enter a dealership. I need to adjourn immediately as I can hear boat horns in my mind and they will not stop.
SCANDAL RATING: 8.7/10 Anchors Aweigh From Homeownership

Have a confession? Judge Reginald Escrow III's docket is always open.

Submit Anonymously → Subscribe to the Newsletter
Advertisement

← Back to the Full Docket