Foreclosures
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal



Real Estate Classifieds
Reviews & Feedback
Updated over 7 years ago on . Most recent reply

REO question after closing
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

- Real Estate Professional
- West Palm Beach, FL
- 13,510
- Votes |
- 23,418
- Posts
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.