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Updated almost 6 years ago,

User Stats

208
Posts
90
Votes
Heshel Mangel
90
Votes |
208
Posts

Seller did not disclose HOA fees

Heshel Mangel
Posted

I am under contract on a home, where the seller did not disclose any HOA fees (claimed there was none), and now in the appraisal report obtained from the bank, I see there is HOA dues. It is not much, but still comes with all that is HOA (including incidental fees, transfer fees, etc..).

Any suggestions how to proceed? Should I back out because of that discrepancy? Move forward? Negotiate with seller? 

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