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I am purchasing a foreclosed Fannie Mae property and in the

Customer Question
Original Purchase agreement they agreed...
I am purchasing a foreclosed Fannie Mae property and in the Original Purchase agreement they agreed to split closing cost 50/50 we subsequent have addendums to the Original Purchase such as seller to pay for septic and Well and home warranty the Title company says the Addendum supersedes the Original Purchase Price and refuses to Split the closing Cost on the Original Purchase Agreement. What are my options
Submitted: 1 year ago.Category: Real Estate Law
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Answered in 4 minutes by:
3/29/2016
Real Estate Lawyer: Roger, Lawyer replied 1 year ago
Roger
Roger, Lawyer
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Hi - my name is ***** ***** I'll be glad to assist.

Does the addendum change the agreement to split the closing costs.......or does it just modify the original agreement to add responsibility for the septic/well and warranty?

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Customer reply replied 1 year ago
The addendum just modify the Well/septic and home warranty plus a 2250 credit. But per the Title Company. The California Residential Purchase Agreement does reflect that the buyer and seller are to split the escrow fee 50/50, however the Real Estate Purchase Addendum supersedes the California Residential Purchase Agreement. I have attached the copy of your Real Estate Purchase Addendum and have highlighted the areas in which it states this on page 6 item 10 f and page 10 item 28.Page 6 item 10 is the same thing on the Original Purchase Agreement where Seller pays Title Fees. The last one refers to the Effect of the Addendum where it amends and Suppliments the contract and Escrow Instructions
Real Estate Lawyer: Roger, Lawyer replied 1 year ago

Ok. I see what you're saying.

You're probably going to need someone to review your paperwork and issue an opinion....and that's more than I'm set up to do here. I'll opt out and open it for other experts that may be able to assist.

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Real Estate Lawyer: Maverick, Lawyer replied 1 year ago
Maverick
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