The Motley Fool Discussion Boards
Personal Finances / Buying or Selling a Home
|Subject: Re: Selling: more of a rant than anything||Date: 3/22/2013 4:24 PM|
|Author: JAFO31||Number: 124983 of 128033|
inparadise: "JAFO, many states have a mandatory timeframe for back out after receiving HOA docs. It is a state legal requirement in many places, rather than a discretionary clause in the contract."
Thanks, but I knew that was possibility, or I would not have written, "unless the HOA docs. backout is a statutory requirement, once could simple insist that HOA docs. be reviewed first, and there be no HOA backout".
That possibility is exactly why I asked for a copy of "the relevant contract language".
"A good listing agent will have the docs on hand to give to the buyers with contract to minimize that time to back out. It can also cost quite a bit to get those docs, depending on the hoa."
I gagged over the permissible cost in the Virgina statute for electronic copies. What a racket.
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|