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发帖数: 186 | 1 Recently, a transaction didnot go through because of the HOA is not
incororated (Fannie Mae regulation). So contract get cancelled because of
financing contigency.
Contract specify Seller to pay for the HOA doc prepartion fee, however
escrow officer deduct the money from earnest money BUYER put in
and use the small print to ask buyer to cover the cost, is it resonale?
ADVANCE FEES: Buyer and Seller are aware that Escrow Holder may incur
certain expenses during the course of processing this escrow which must be
paid in advance, including but not limited to: demand request fees, courier
fees, overnight mail service, transaction coordinator fees, charges for City
building reports, and Homeowner Association demand and document fees, where
applicable. In the event any such advance fee is required during the
course of processing this escrow, Escrow Holder is authorized and instructed
to issue payment for such fees from the funds deposited by Buyer, and said
fees shall be charged to the appropriate party at the close of escrow. All
parties are aware that funds so released are NON-REFUNDABLE in the event of
cancellation. |
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