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Updated over 7 years ago on . Most recent reply

User Stats

49
Posts
29
Votes
Sam Marcos
  • Tampa, FL
29
Votes |
49
Posts

Sale of house fell through, what costs will Seller pay again

Sam Marcos
  • Tampa, FL
Posted

A buyer with FHA lending submits an offer. The offer is approved and the house is now under contract. In the mean time the seller pays for estoppel and title search, inspection, etc.. Then in the 48 hours before closing, the loan falls through for the buyer and the deal is cancelled.

Does the buyer get their deposit back?

Will the seller need to pay for a title search on the next contract?

Will the seller need a new HOA estoppel on the next contract?

What costs does a seller incur every single time the same house goes under contract?

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