Special offer

Buyer BEWARE - Banks Addendums Override the Original Contract www.SKIPtheBULL.com

By
Real Estate Broker/Owner with The Only B.S. I Have is from the University of Massachusetts

Buyer BEWARE - Banks Addendums Override the Original Contract     

If there wasn't enough stress looking for a home, getting pre-approved and making the final decision to put in an offer to buy a home!  Most of the Bank Addendums for Foreclosed homes include a bunch of SH#@!

Some things to look out for are WHO PAYS THE TITLE INSURANCE, DOC STAMPS ON THE DEED, PAST DUE HOA FEES and more!  If you are purchasing a Short Sale or Bank Owned Property, make sure you have a REALTOR on you side!  Make sure you fully understand what you are signing and what you are responsible for!

Always look for an addendum that says if there is a conflict between the addendum and the purchase and sale contract, the addendum overrides the purchase and sale contract.

If not fully understood, you should always consult a Real Estate Attorney!

Richard Shuman P.A.  Florida REALTOR & Mortgage Broker

www.SKIPtheBULL.com www.LowestFloridaRates.com

 

Comments(0)