Title company messed up the HOA fees
1,844This community has HOA Reserve fund and HOA foundation fee. Title company added both fees on the seller's Closing Disclosure. However, only 2 hours prior to the scheduled closing time, Title company notified the buyer that these two fees were moved to Buyer's side. What options does the buyer have in this condition if the buyer is not comfortable with the last minute change?
Later after closing, buyer called HOA and found out only Reserve fund should be paid by Buyer, Foundation fee should be paid by Seller. Is there any recourse action the Buyer can take due to Title company's mistake and last minute pressure? Or nothing can be done as it's already closed?
1 answer(s)
About 6 years ago
Both parties (Buyer, Seller) should have signed a document agreeing to cooperate with the title company. This agreement empowers the title company to correct transactional errors after the closing.
Contact the title company with the newly discovered information.
Contact the title company with the newly discovered information.
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DislikeDisclaimer: Answers provided are just opinions and should not be accepted as advice.
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