DEAR BENNY: I recently was the successful bidder on a condo. The closing was within 15 days of the sale, and a special warranty deed was conveyed for the amount of my bid. The closing agent told me after the closing that I had signed a memorandum of foreclosure agreeing to reimburse the seller for prepaid taxes and all amounts claimed owing by the condominium association.
The deed has been recorded and I paid the amount billed by the substitute trustee, which was my bid amount. Two months later, I have not heard from anyone about reimbursing the seller for prepaid taxes or any other charges. Should I be concerned about being billed for these items? --Tom
DEAR TOM: Have you reviewed that memorandum? Is that what it really says? In any event