The bank just came back and willing to pay $2500 towarding closing cost without reducing the price, which for me is $2500 less cash to pay so end up to be same thing. I was just about to accept the bank’s new offer…its a miracle B of A even considered to do this..and then I got the HOA document.
The HOA document provide another surprise..or is it…that base on last year’s reserve fund study/analysis done by professional reserve fund study company (forgive me if I am using wrong words, not sure what they called), the HOA is currently 24% funded. Is that really low?
