We are buying a townhome that is a bank-owned REO. There are past-due HOA fees of $4,200. Am I liable to?

Neala
Home Buyer
92064

pay these once escrow closes or how do these get settled?

Answers (1)
Teresa Darrow
Agent
Carlsbad, CA
FIRST ANSWER

These will be shown as recurring fees in your closing costs and the seller will be responsible for all, up to the day you close escrow. You will take responsibility for these fees as of the date the property records in your name. Does this make sense? In other words, no. :)

Teresa Darrow
Windermere Exclusive Properties
Carlsbad, Ca

760-434-4340

Sat Jun 13 2009, 10:49

Didn’t find what you were looking for? Ask a question!

Search Advice & Opinions

Ask a question

Got a real estate question? Get answers from locals, experts and real estate pros.
Ask
Email me when…

Learn more

View all » 1 - 3 of 4
Copyright © 2009 Trulia, Inc. All rights reserved.   |   Fair Housing and Equal Opportunity
Help us improve our service—send us feedback