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Wouldn't be a next time with me unless the title company said "My bad, we'll pay that for you."
Depending on the cost, I'd only recommend getting a lawyer involved if it won't cost a fortune. Other than that, I'd try to make the title company eat their mistake.
Candice A. Donofrio
Fort Mohave, AZ
Had that happen once, and they wonder why I do not use them anymore
Good morning Sally. I feel that it would be the title company's responsibility to make good on their error. They make plenty of money that's for damn sure.
It isn't worth getting a lawyer involved unless the payment is a substantial amount. My first action would be to call the Title Company on behalf of my client and ask for confirmation that they made an error. Ask for their explanation. Then ask them to cover the expense. They may agree or cover some portion.
Good morning Sally. If the title company screwed up, they should take responsibility and fix the problem.
Sally K. & David L. Hanson we are attorney state so the title company will not be involved.
For any incorrect information in HUD (now Closing Disclosure)....not happened so far.
Following Sally K. & David L. Hanson curious to know what was not paid
As some of the other comments mention, not enough information to determine...it depends on what the payment was for and the amount. And, why the agent didn't catch it when reviewing the closing document before closing!
Our title companies would probably eat it but only after contacting the seller and seeing if the seller would pay up.
Sally K. & David L. Hanson I would expect the title company to pay the bill as they overlooked the bill. Period, end of discussion
have had it happen before with the seller no where to be found, and the title company got it fixed.
It may depend what the payment was for, what the seller signed for docs saying they would come back and "fix" any forms needed. I would check with lawyer before giving advice.
what was the nature of the payment due? hoa? taxes? i think a call to the title mgr/pres whatever will bring an end to this in a hurry. IF IT was within their realm to collect
Candice A. Donofrio
Fort Mohave, AZ
I would think the title company would cover this and they should have insurance for it. Otherwise, calling an attorney may very well be in order.
Sounds like the title company should take care of it. They are responsible to transfer the property free and clear. I would not use them again.
It would depend on the situation.
every closing here has a document that's signed that states if there's an oversight on a financial item, it will be paid by the party involved...
Those that make the mistake should cover the expense of their mistake
We don't use title companies here so I'm a bit at a loss. And I've never come across this situation, especially as our closings are handlesd by attorneys. But first, if it's a critical payment, the Seller needs to make sure it's paid pronto.
Being this isn't a real situation. It is difficult to answer. If I were the seller and I owed the money, I would want to pay the bill.
In my area, I doubt the title company would eat the cost if they make mistakes. If I make mistakes, I pay for them, I don't just say Oops.
You did not provide enough detail for a good answer. Title companies sometimes do make mistakes, just like the rest of us.
So how much money are we talking about here? If it's not all that much, the title company will usually eat it. And if it's a large amount, they might not want to. But yeah, next time? Not gonna happen unless the title company fixes it.
Wasn't an agreement signed at closing for all parties to cooperate to resolve any mistakes made at closing? This is typical at Florida closings.
These incidents were previously eaten by the title companies however now we see the disclosures and waivers of responsibility mixed into the closing docs. Yes, mistakes happen, and when they do you'll only get one shot at it with me. Keeping fingers crossed that all the i's are dotted and t's are crossed is not the way to conduct business. The solution is one button away on my speed dial!
I don't understand the question. Is the Title Company asking the Seller for the money now? It would make sense to me that they should be held accountable and not the seller. Yes, I would contact and attorney, just in case, but then I temper that in that we come from the most litigious state in the US. I have not idea how it goes in Wisconsin. A
I'm not entirely following. What type of payment?