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Updated almost 6 years ago,
Mindy JensenPoster
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- BiggerPockets Money Podcast Host
- Longmont, CO
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Title Didn't Relay Water Meter Install Requirement at Closing
A friend recently purchased a house. The water company told the title company prior to closing that there is no water meter, and one would need to be installed within 90 days of closing. Water company asked title to relay this information to buyer.
Title did NOT relay this to the friend (an agent, acting as his own representative) and he just received a notice on his door.
Water meter install is $1,000 prepaid.
If title would have shared at closing he would have had it come out of seller proceeds or walked away from the deal.
Does he have any recourse against the title company? Seller is long gone.