Closing an REO in a Townhome community
CLOSING on an REO!
BEFORE going to the closing table, make sure ALL HOAs are paid and that the SELLER (bank) is paying the deficiency.Â Nothing like getting to the closing table and the Buyer is told the bank is not paying the past HOAs...the HUD1 is incorrect, and what is a Buyer agent to do....get your checkbook out!Â Tighten that purchase agreement down and READ all addendums sent from the bank!
Would love to hear any other stories you might have and how you handled the situation!
CHERRY CREEK PROPERTIES LLC