Forum Discussion
Old-Biscuit
Dec 08, 2013Explorer III
Executive wrote:Mr.Mark wrote:Executive wrote:
The point of my comment was in a "Short Sale" many "SHORT CUTS" are allowed. Most short sales are sold as is, in its current condition, with no guarantees, warranties or caveats of any kind...speaking strictly from California experience ..YMMV....Dennis
Dennis, with all due respect, a short sale does not mean the new owner can't follow the CC&R's of a community. I'm a board member or our California based homeowner's Association and we had to force a sale of a homeowner who was behind on his dues (3yrs.). The home is now owned by the Assc. We are hoping the mortgage co. will foreclose on us so that they will be responsible for the fees and maintenance. A short sale doesn't release the new owner of honoring the CC&R's (Covenants, Conditions and Restrictions).
MM.
I apologize.. I wasn't referring to CC&Rs. I was simply stating that in a Short Sale situation, the new "Buyer" doesn't always get the same stuff he/she would get in a conventional sale. The title search is not as comprehensive as it is in a conventional sale.....Dennis
Except when it's VA Loan.
They want everything twice, three times with all i's dotted and t's crossed at least twice.
Wish OP would post what TITLE Company has to say about the 'documents'????????
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