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Updated over 14 years ago, 05/24/2010

User Stats

241
Posts
34
Votes
Luiz Souza
  • Real Estate Investor
  • Gainesville, GA
34
Votes |
241
Posts

Attorney Issues / NEED HELP

Luiz Souza
  • Real Estate Investor
  • Gainesville, GA
Posted

A to C transaction. Buyer was fine with zero cc. I negotiated 3% and plan to collect this amount in order to release my Notice of Option. We are planing to close this coming Wednesday. Last Friday I forwarded to the closing attorney a Realease of Lien/ Notice of Option Cancelation Form. Just received the final HUD and the amount mentioned above is slashed by more than half. The attorney is using the cc that the buyer never asked for to pay taxes and some additional fees he came up with. He also forwarded the HUD to me for approval, as well as the Realtors who really don't have a say in the final HUD. This is exactly what the attorney told me, "the excess funds are being paid to XXX LLC for the release of its option on line 508 on page 1 and were all the funds leftover on this one." How should I approach this?

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