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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Hi, I've recently withdrawn from an accepted offer and my attorney told me to pay her the Fedex fee to send back the offering plan.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.
Response by uptownben
over 8 years ago
Posts: 29
Member since: Jul 2016

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.

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Response by RPow
over 8 years ago
Posts: 9
Member since: Jul 2016

I think the seller typically is responsible for paying for the offering plan ...

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Response by 300_mercer
over 8 years ago
Posts: 10577
Member since: Feb 2007

Are you really complaining about paying small FedEx fee? Your attorney is not going to lie for something that small.

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Response by streetsmart
over 8 years ago
Posts: 883
Member since: Apr 2009

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.

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Response by 30yrs_RE_20_in_REO
over 8 years ago
Posts: 9880
Member since: Mar 2009

I don't know why anyone is still sending around hard copies of Offering Plans.

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Response by 300_mercer
over 8 years ago
Posts: 10577
Member since: Feb 2007

30, How can one get electronic copy besides from Title Vest, which expires in 3 months? Thank you.

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Response by 30yrs_RE_20_in_REO
over 8 years ago
Posts: 9880
Member since: Mar 2009

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.

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Response by kamjam
over 8 years ago
Posts: 4
Member since: May 2017

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.

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Response by sf212
over 8 years ago
Posts: 24
Member since: Sep 2016

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?

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Response by rdc10036
over 8 years ago
Posts: 47
Member since: Dec 2012

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

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