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Updated almost 10 years ago on . Most recent reply

User Stats

11
Posts
1
Votes
Sandeep Singh
  • Investor
  • Plainville, MA
1
Votes |
11
Posts

Seller is not disclosing loss run report

Sandeep Singh
  • Investor
  • Plainville, MA
Posted

HI All,

I am in process of closing a deal on Oct 16 but unfortunately master insurance cost is 4 times what it should be ($1000 vs $4000). I requested for loss run report from my (buyer) agent, buyer attorney , seller agent and they are saying it has nothing to do with purchase of this property and even though if I don't get that I have to close the deal or I can loose my ofter and P&S amount deposited. They are not in trustee of condo association and the owner (2 unit property) is saying he doesn't feel comfortable to ask insurance company for same otherwise insurance company might feel he is shopping around.

How to proceed in this scenario

Thanks for your input and help

Sam

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