Offering Plan Return Charge
Started by Andes
over 8 years ago
Posts: 3
Member since: Sep 2016
Discussion about
Hi, I've recently withdrawn from an accepted offer and my attorney told me to pay her the Fedex fee to send back the offering plan. I'm not sure if this is true as I've never been informed of such fee upfront. I assume the seller's attorney must have multiple copies of the offering plan, and asking me to send back might be their retaliation. Or could my attorney be lying because of her frustration? Thanks.
Did you pay for (purchase) the offering plan? If so, it's yours to keep and you should just pick it up from your attorney.
I think the seller typically is responsible for paying for the offering plan ...
Are you really complaining about paying small FedEx fee? Your attorney is not going to lie for something that small.
I doubt that the seller's attorney has multiple copies of the offering plan. The seller should have a copy. That said the offering plan has to be returned and asking that you pay for the cost of return is reasonable.
I don't know why anyone is still sending around hard copies of Offering Plans.
30, How can one get electronic copy besides from Title Vest, which expires in 3 months? Thank you.
The way we do it is take Offering Plans the first time we do a deal in the building, scan them and put them in our library. We try to encourage agents not to wait until there is a deal done to get their hands on all the documents, but to do it as soon as they get a listing.
But also a certain amount of them (for Condos) can be found on ACRIS.
We are talking about very small change here! You can courier the offering plan anywhere in the city for under $20. I agree that your attorney is beyond cheap for not just doing this free of charge, but he/she isn't obligated to do it...Next time just find a more pragmatic attorney.
Why aren't they all electronic by now? It makes zero sense people still need to pay for a hard copy, then have it couriered? What world is this?
Also, what's the deal with the titlevest? Do they have a monopoly or something? A complete OP library?
we even had to pay $250 for the management agent to send us PDFs of our offering plans before a coop purchase, which seems like a complete rip off as well