09-04-2013, 02:54 AM
Hope I can get this worded right...
Buyer makes an offer on some land and requests as part of the deal the SSPP be paid by the buyer. That's fine so far.
Now they want the SSPP to be paid out of escrow.
This is not my transaction but that of a friend, but I want to understand why it would be done this way instead of just paying X dollars less the amount of the SSPP for the land.
I did tell them to ask their agent, tho'.
Buyer makes an offer on some land and requests as part of the deal the SSPP be paid by the buyer. That's fine so far.
Now they want the SSPP to be paid out of escrow.
This is not my transaction but that of a friend, but I want to understand why it would be done this way instead of just paying X dollars less the amount of the SSPP for the land.
I did tell them to ask their agent, tho'.
Puna: Our roosters crow first