Friday, April 13, 2012

Banks and not sticking to their word!

Finally closing on a short sale house today, we had received the short sale approval letter and we matched all the conditions outlined and the bank was receiving what it had agreed upon. After everything  was signed and sent to the bank for the okay to record, we heard 3 days later that the negotiator had made a mistake and they would now not allow over $1000 in HOA fees and related attorney's fees. My seller did not have nay money to contribute but the buyer agreed to pay it, so it is done--finally!

Well I say it is done and we do have the okay to record, the bank is now wanting new signatures on the HUD, Arms Length Affidavit and Closing Worksheet. Amazing!

 

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