Re: [RealEstate] HELP Closing Tomorrow need question answered

Thu, 28 Apr 2005 05:21:36 -0700

Things can be adjusted at the closing if you bring them up. The buyer is going to insist on the full 4,500. you can insist at the other figure. It's a matter of negotiation. Bring the ad or agreement that says "up to".

tommy <[EMAIL PROTECTED]> wrote:


HI all -

Closing tomorrow afternoon, I hope someone can answer 1 question.

As seller, in my Texas contract, I agreed to "pay up to" $4500 of
buyer's closing costs.

I just received a preliminary settlement statement from the title
company.  All looks good, *except* this:

The total buyers settlement costs are $4202.76.  However, in the
face sheet, the Title Company still subtracted $4500 from the
buyer's column, whereas I think it should say $4202.79.  Otherwise,
the way I see it, I am paying ~$300 towards buyer's earnest money
fee and mortgage loan (the other two values in buyer's column).  Are
the loan amount and earnest money considered closing costs?

The $300 doesnt really matter in the big picture, however this buyer
has been a royal pain in the you-know-what and I'd rather not put
that extra $300 towards his earnest money/loan amount if this is a
mistake.

In short, since buyer's total settlement costs (insurance, taxes,
blah blah blah) are only $4200, am I responsible for the full $4500
amount?

Thanks if anyone can shoot me a quick anser!










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