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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] It's not your mistake, so why should you pay it? Posted by Ward-CA- on October 27, 2003 at 6:54 PM In Reply to: Payoff Mistake – Should I Pay It? posted by Alexis (CA) on October 26, 2003 at 2:02 PM : I bought a property with title insurance. The deed has already been recorded by the title company. Escrow is closed. One and a half weeks later, my title company calls and tells me the HOA made a mistake on their demand letter. The HOA forgot to include $900 for a HOA lien and to work it out with the HOA. I specified buyer (me) would pay all liens, not the seller. : I want clear title for my buyer down the road, when I sell. Should I pay for this? Should I negotiate this amount down? I could pay this amount. However, I am not sure if this is why I bought title insurance for -=-=-=-=-=- Alexis, Either the HOA should eat their mistake or the title company should cover the discrepancy. Otherwise, when will you ever feel you can relax if people can pop up and claim they are owed money another week from now, another month from now, or another year from now? No, there has to be a cutoff date and that should be at the close of escrow. Follow Ups: Re: It's not your mistake, so why should you pay it? Alexis (CA) 7:53 PM, 10/27/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : I bought a property with title insurance. The deed has already been recorded by the title company. Escrow is closed. One and a half weeks later, my title company calls and tells me the HOA made a mistake on their demand letter. The HOA forgot to include $900 for a HOA lien and to work it out with the HOA. I specified buyer (me) would pay all liens, not the seller. : : I want clear title for my buyer down the road, when I sell. Should I pay for this? Should I negotiate this amount down? I could pay this amount. However, I am not sure if this is why I bought title insurance for : -=-=-=-=-=- : Alexis, : Either the HOA should eat their mistake or the title company should cover the discrepancy. Otherwise, when will you ever feel you can relax if people can pop up and claim they are owed money another week from now, another month from now, or another year from now? : No, there has to be a cutoff date and that should be at the close of escrow. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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