“Blackmailed by Ocwen”
I purchased a property recently, that I would renovate and then resell. At the time I signed the agreement, an agreement that was 33 pages long, there was a clause that I didn’t pay much attention to that stated, that I would be responsible for the state conveyance tax, “if applicable by law”.
Knowing that in the State of Ct, the seller must pay this tax, it never occurred to me, that this would become a problem. Guess what, it became a problem. Their title company sent my attorney a closing statement that had me paying the conveyance tax.
Before my attorney contact me, he had already contact the other side and explained this was not done in CT, they said they didn’t care and if we didn’t want to proceed they were going to keep my deposit. The conveyance tax is $1,334 and my deposit is $2,500.
Once my attorney called to go over the situation, I could already see the handwriting on the wall. I was going to get screwed, but a lesson to be remembered.
image courtesy of digitalart/freedigitalphotos.net
Joe Petrowsky, NMLS #6869
Right Trac Financial Group, Inc. NMLS #2709
110 Main St.
Manchester, Ct. 06042
Office: 860 647-7701 x116
Fax: 860 647-8940
Cell: 860 836-9294
Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.
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