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Author: JAFO31 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 127236  
Subject: Re: Selling: more of a rant than anything Date: 3/22/2013 4:24 PM
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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.

Regards, JAFO
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