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06-07-2011, 07:40 PM #1
Renter
- Join Date
- Jun 2011
- Posts
- 2
Last moment short sale additional costs. Legal?
So It't two days before closing on a property on Long Island NY, the bank calls my buddys lawyer and tells him that he has to come up with $6,600 more to pay for the last owners unpaid PMI insurance. How can they slap on $6,660 more then the agree on price?
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06-08-2011, 06:23 AM #2
Moderator
- Join Date
- Sep 2007
- Location
- Outer Banks
- Posts
- 1,281
Your buddy doesn't have to pay it. But then your buddy won't buy the house. Your buddy could try to call the banks bluff and see if they cave, but he risks not buying the house.
Your Outer Banks real estate agent. Learn how to buy Outer Banks foreclosures.
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06-09-2011, 02:40 AM #3
Banned
- Join Date
- Dec 2007
- Location
- UAE Dubai
- Posts
- 268
Every thing becomes legal when you have run short of sales. Simple
no need to worry about it.
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