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Updated over 7 years ago on . Most recent reply

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80
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Chris Lawrence
  • Investor
  • Honeoye Falls, NY
16
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80
Posts

REO question after closing

Chris Lawrence
  • Investor
  • Honeoye Falls, NY
Posted

I recently purchased a REO off Auction.com and closed on the deal, everything is in my name. Prior to closing my attorney caught a mistake on the closing statement and mentioned it to the sellers attorney and they didnt want to fix the mistake. Thus me benefiting $2,500's as the amount on the common charges for the townhome was over estimated. My attorney called me a few weeks after closing and said I have to pay the $2,500. Am I legally responsible to pay for this as it was a mistake on the sellers side and it's in my name?

Most Popular Reply

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23,418
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,510
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23,418
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

Yes. One of the documents you sign at closing says you will rectify any mistakes made, including returning money you weren’t supposed to get.

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