I passed by a Treehouse Realty Open house and felt compelled to warn unsuspecting buyer/sellers of the pitfalls of dealing with this agency. Treehouse Realty utilized Fidelity National Title Agency on the sale of my home. I closed on the property just last week. The buyers and I signed a HUD statement agreeing to certain figures. I pointed out an error to the notary where Fidelity National Title was trying to deduct an additional $ 849.00 for agreed repairs to the property for which I had already paid. They acknowledged their error and stated they would increase the payment to me by that amount. They quickly processed the documents and recorded the sale transferring ownership. The title company advised me by phone that the check was ready for me to pick up. They had my documents in a sealed envelope which I opened before leaving their parking lot. The enclosed check which I expected to be $ 849.00 more than the HUD statement was actually nearly $ 4000.00 less than the HUD agreement signed by both buyers and seller. When I confronted the title company regarding the discrepancy, their reaction was one which gave me the impression that this is a common occurrence.
They never notified me of the error and I never initialed any corrections. It appears that Treehouse Realty and Fidelity National Title Agency are in collusion to defraud buyers and sellers. If they cheat by even $ 100.00 on each transaction that could amount to tens of thousands of dollars in a year. I was cheated by nearly $ 4000.00. Had I known the true figures on the HUD agreement, I would never have agreed to the terms of the conveniently«corrected» but never disclosed form. The sale price was already a good deal for the buyer at less than the market value, and(had stayed as represented in the signed sales documents) an acceptable return on my investment towards retirement. I presume that they don’t expect anyone to take a stand against their unfair business practices. For sale by owner should not be an excuse for those in the real estate profession to blatantly misrepresent themselves for personal gain. I plan on pursuing remedies through whatever regulatory agencies exist to govern this situation and will be contacting the Better Business Bureau. In the meantime BUYERS and SELLERSBEWAREOFTREEHOUSEREALTY and FIDELITYNATIONALTITLE.