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  #1  
Old 08-11-2005, 09:43 AM
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Unhappy

Need Advice on Deal That went bad

What is the name of your state? Virginia
Hello. Im looking for some advice on what I should do. I will try to make this short. On the day of my closing it was disclosed to me that the home had termites. I backed out of the deal mutually with the seller. I know I have to pay the Appraisal fee but now I have gotten this outrageous fee from the Title Company. Do I have to pay this? I have heard some say that since they didnt get a termite letter that it at least shouldnt be full price? Please let me know what I should do? Thanks...
  #2  
Old 08-11-2005, 09:56 AM
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Join Date: May 2000
Location: Catatonic State
Posts: 75,781
Quote:
Originally Posted by coachbrown
What is the name of your state? Virginia
Hello. Im looking for some advice on what I should do. I will try to make this short. On the day of my closing it was disclosed to me that the home had termites. I backed out of the deal mutually with the seller. I know I have to pay the Appraisal fee but now I have gotten this outrageous fee from the Title Company. Do I have to pay this? I have heard some say that since they didnt get a termite letter that it at least shouldnt be full price? Please let me know what I should do? Thanks...
**A: list what the fee is for by itemized breakdown.
  #3  
Old 08-11-2005, 09:59 AM
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Join Date: Aug 2005
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Title Search= 150.00
Title Binders (2)= 80.00

Total: 230.00

Thats It, thats what the invoice looks like that I received today via Certified Mail. thanks
  #4  
Old 08-11-2005, 12:04 PM
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Anyone??? Please???
  #5  
Old 08-11-2005, 12:06 PM
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Location: Catatonic State
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Quote:
Originally Posted by coachbrown
Anyone??? Please???

**A: what is a title binder?
  #6  
Old 08-11-2005, 12:20 PM
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I have not a clue? See I feel I shouldnt have to pay for a service I did not receive. I am more than willing to pay for the appriasal because I did in fact order it but this title company thing??? Thats why Im looking for help to see what if any my options are.
  #7  
Old 08-11-2005, 12:22 PM
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Join Date: May 2000
Location: Catatonic State
Posts: 75,781
Quote:
Originally Posted by coachbrown
I have not a clue?


**A: hello? are you there and did you not get the hint?
Call the title company and get their explanation.
********
See I feel I shouldnt have to pay for a service I did not receive. I am more than willing to pay for the appriasal because I did in fact order it but this title company thing??? Thats why Im looking for help to see what if any my options are.

**A: ok, I'll let you in on a secret. Be prepared to pay the bill.
  #8  
Old 08-11-2005, 12:30 PM
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Ok thanks. I will look into the title binder and will be prepared to pa
  #9  
Old 08-11-2005, 11:24 PM
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Location: Catatonic State
Posts: 75,781
Good luck and read your sales contract.
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