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Rainmaker
140,618
Joan Dickie
Keller Williams Premier Realty - La Crosse, WI
Keller Williams Premier Realty

Without knowing what state you are in and what the rest of the contract says, we can't advise you on this.  Sorry.  It's really difficult to pull out one section and interpret it, just like its difficult to pull out one statement in a politicians speech and make a fact from it.

Mar 24, 2016 01:57 AM
Rainmaker
994,462
Diana Zaccaro Broker Associate
Tropical Beachside brokered by eXp - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

What Joan said. If you are an agent, ask your broker. If you are a customer, ask your agent if you have one and, if no, ask your attorney. If you are a RE student, ask your instructor.

Real estate law, including contracts, vary widely from state to state so we cannot help. Even if you were in the state we practice in much more information would be needed.

 

Mar 24, 2016 02:57 AM
Rainmaker
938,505
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Without the rest of the Contract to read, one wouldn't know.
Our AZ RPC says very clearly that escrow fees are equally divided between Buyer/Seller, Seller provides title policy and Buyer pays Buyer's loan costs except as provided elsewhere and makes provisions for VA financing.

I would have an attorney look over that verbiage and if you are representing the buyer - make sure it is clear who pays for what.

PS. If you reply to any of these answers, you won't be anonymous any more. ;)

Mar 24, 2016 01:53 AM
Ambassador
5,700,010
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Talk to your broker, or an attny.

Jun 20, 2019 09:34 PM
Rainmaker
2,066,074
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL

You got it.

Jun 15, 2019 06:19 AM
Rainmaker
1,598,130
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

Great answers here. I hope you got it. 

Jun 15, 2019 06:09 AM
Rainmaker
4,245,179
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

There's obviously more to this story...

Mar 25, 2016 01:16 AM
Ambassador
3,986,960
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

If you are a party to the contract, I hope you know what you signed.

Mar 24, 2016 01:10 PM
Rainmaker
1,667,426
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West - Carlsbad, CA
Presence, Persistence & Perseverance

AH..."let think about that and get back to you"  signed, anonymous

Mar 24, 2016 06:43 AM
Rainmaker
1,708,235
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I do not render legal opinions.

Mar 24, 2016 06:38 AM
Rainmaker
1,759,539
Lyn Sims
Schaumburg, IL
Real Estate Agent Retired

This sounds like standard REO language from their contract. Buyer pays all their own charges for loan related, title & survey. That's standard here in IL with foreclosures.

Mar 24, 2016 06:33 AM
Rainmaker
3,671,072
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

This is very good question.

Mar 24, 2016 06:07 AM
Ambassador
2,049,678
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

Are you an agent or a buyer or a seller? If you're a buyer, you should talk to your attorney and buyer's agent before you sign. If you're a seller, you should talk to your listing agent or attorney before you sign. If you're an agent, you should talk to your broker about your questions. If you're a broker, sigh. 

This is not any kind of legal advice, but I don't see commissions listed in that paragraph, so I'm sure the seller will have to pay something!

Mar 24, 2016 05:52 AM
Rainmaker
1,157,535
FN LN
Toronto, ON

You should seek legal counsel from a licensed attorney who is knowledgeable about the type of contract you have and the jurisdiction to which it relates.

Mar 24, 2016 05:05 AM
Rainmaker
4,799,701
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

It depends on your local and state laws.

Mar 24, 2016 03:15 AM
Ambassador
4,722,045
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Depends on what else the contract says, and the state. I would have a chat with your broker for advice. It's not really appropriate for us to advise in this case

Mar 24, 2016 02:43 AM
Ambassador
1,409,284
Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

Speak to your Broker.

Mar 24, 2016 02:39 AM
Rainmaker
5,579,354
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Ditto to Joan Dickie's comment!!

Mar 24, 2016 02:23 AM
Rainmaker
4,301,969
Richard Weeks
Dallas, TX
REALTOR®, Broker

Joan Dickie has a good answer for you.

Mar 24, 2016 02:08 AM