Asked by Rich Potter, Philadelphia, PA • Wed Jul 4, 2012
Now, a week after that, the negotiator told me that B of A will not pay the negotiators fee. I want the property, so I agreed to pay it, but as a broker fee on the settlement sheet. B of A stated that they will not allow that. I gave in and said I would pay the extra 3 grand, on top of the settlement charges at settlement. A week has passed by and they are now asking me for proof of funding. Keep in mind that I have proved at least 4 pre-approvals, as the have expired and I needed updated pre-pprovals from my own lender.My questions are: Are they allowed to make the decision of how the negotiators fee, which I am paying for, is paid? Are they allowed to insist I send them proof of funding? As far as I am concerned, when they countered my offer, and I accepted, we had an agreement.
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