Updated over 8 years ago on . Most recent reply
Small MF in Cleveland - but, 11th hour issues. Help!
So.. I'm buying a duplex in Cleveland. Gone through inspection, gone through appraisal, getting ready to sign final documents tomorrow AM. I had previously been sent a LBP disclosure that was muddled, so I asked for clarification. Agent confirmed seller had no knowledge of LBP.
Get an email from my agent today, that the seller has created a problem over their fee structure - and is now changing his LBP disclosure. I was just sent a new LBP disclosure, saying there is LBP. Agent's position is that the seller is doing this to get me to back out of the deal. I tend to agree with this (based on evidence) - but that doesn't help me decide what to do.
What do I do with this?? My concern is that even if I get a clean bill of health from the seller at this point, I've been sent a disclosure saying that there is LBP. What is my exposure if I do go forward? What should I be doing that I don't know about at this point? This is my first deal, so.. help appreciated!