Just when you thought it was safe to go outside, in the proverbial sense, you are hit with something new. Purchase agreement is all initialed, dated and signed. The seller has agreed to include in the sale his riding lawnmower and a few other items. Then behold a call comes saying, sorry but that cannot be included in the purchase agreement. Needs to be off of there. Okay, so we are trying to do things above board and now this. Now you have to go back and explain this to your clients that this needs to be done over, and need to exclude the personal items. Now we need to do a separate bill of sale for these items. No explanation other than the underwriters do not want this.
Make sure it is in writing somewhere, if you are asked not to include this in the purchase agreement.
This is going on here in Iowa and is being perpetrated by a large bank. Is anyone having these issues where they are at?