HUD-1 Disguised Cash Back as HOA Assessment

After closing, Williams retained the buyer’s ““cash back”” toward future transactions. The buyer later learned that his “cash back” had been disguised on the closing documents as an HOA Assessment Fee.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s