Home buying contract???
I am in the process of buying a home. In my contract it states that the seller is to pay the title insurance. The cost came out to $ 562. I got the paper that displays all the figures and whatnot from the bank after my loan was aproved. It says that the seller is paying the insurance on the title. Now i get a call from the bank and from the realitor telling me there was a mistake made in the contract and that I am responsible for it. I think that its in the contract what is done is done. Can I shaft the seller with this money?
sorry i should be asking Should i shaft the seller with it considering i am paying asking price and gave a no condition contract. I think that is not much to ask that he does pay it. Or should i suck up the cost and pay it myself?
the realitor told me it was a mistake he was supposed to write in the contract that i pay that cost
The seller seems really nice. I do not think the sellers doing. It seems as tho it were a mistake by the realitor. But the seller and i both signed the contract. I just reviewed it and cannot find this in it anywhere. So i dont know if it was a bank mistake or a realitor mistake. But all i know is i got 2 calls today from the bank and realitor saying that there was a mistake in the numbers. I am not looking to back out of the contract by no means right now i reside in a motel awaiting closing. Aside from the contract from what i understand that this insurance insures that the title is free of leans. I would think that it would be the sellers responsibility to insure a free and clear title and deed to property inorder for me to close. So to me logically they should pay anyway.