TSResalez
newbie
David,
My contract has that same special assessment line. This is just another difference between Marriott's contract and mine with my buyer. The one with my buyer says they are obligated to pay any special assessments after the date of the signed contract.
However, since it doesn't appear that Summit Watch is having any special assessment this year, I have just let that difference in the contract go.
Another thing that I found interesting is the purchase contract is only in my husband's name. When I told them the week was held in joint tenancy by both of us, they said the closing papers (and I assume) the check would be in both parties' names but they only needed him to sign the purchase agreement. This doesn't make sense to me. I have sold real estate in Calfornia for the last four years and the contracts are always drawn up in the names of all the parties on title.
Jan
It seems the contract your referring to has not been preceded by a title search. In my buyback they sent me 2 contracts, one in the beginning and another after the title search...the 2nd showed the current legal names on the title so it didn't matter much...