BOA won't pay delinquent HOA dues in state of CA?

Hi everyone, my seller is delinquent $6000 on HOA dues and in the first counter from BOA they state they will not pay HOA does in CA, only the transfer fee. Anyone heard of this before? I've had HOA dues paid by BOA before in CA, although this may be a different investor rule (not sure who this investor is). Any suggestions? They are already asking for $10,000 contribution from a seller who has about $500 in the bank.

 

Thanks

 

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Permalink Reply by Maya Thomas on January 28, 2011 at 4:59pm
I've never gotten BoA to pay HOA dues.  Upfront I tell the buyer that BoA won't pay and to deduct the amount of the HoA dues from their offer price so it's not a shock when I have to ask the buyer for the money.

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