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Friday, June 19, 2015

Short Sale Buyer Question

Question: 我是buyer, 递上去的合同中很多费用都是seller付的。比如:

1。termite report and termite inspection clearance for section 1
owner's title insurance
2。 pay HOAs fees for preparing all documents other than those required by
Civil code 4525
3。seller shall pay for the cost for one-year home warranty

银行的Short sale addendum没有说这协调款被overriden了。最终批下来的只是说有个
总数all other closing costs不超过$5200,然后说了个sold as is.

现在,HUD上把上面的费用全算在我的头上了(有的比如根本没有提)。然后,dual-
agent和我half/half了第一项的费用。第二项要我自己付费用,第三项根本在HUD重个
根本没有。这个合理嘛?合法嘛?

Ansqwer:

如果你看过大妈的博客,就可能不会犯这种错误了。

目前的market,short sale已经不是香馍馍了,因为加上这些潜在的drawback. 等了几
个月后,approved价格和市场价没啥两样,更别提你还找了dual agent, 损失了
buyer agent可能给你的rebate.

typically, for short sales, lender does not pay for termite inspection nor
termite clearance if there is any termite/dryrot/fungus found, it does not
pay for repair request nor gives repair credit, it does not pay for HOA
documents nor HOA transfer. It does not pay for home warranty. However, most
of times, it shall pay for owner title insurance.

Have your agent negotiate with the lenders to see if they could pay owner
title insurance.Mean while, negotiate with your agent if ta could cover some
of your closing cost.