Couldn't agree more. I love the (very rare) cases where someone has the foresight to send the sellers a copy of those documents in advance. There are so many variables that come into play that we have no way of knowing about, and as Cheryl indicated, it's way above our pay grade. Among the worst are beneficiaries selling a property (that was owned by a trust - or multiple trusts, as I've seen) that was not theirs until they inherited it. Great fun...
What sticks in my mind was one meeting with a guy who was a professional investor on behalf of a REIT or something like that. (I didn't ask.) He took one look at those pages and said that he wouldn't be signing it until he spoke to his CPA (which wouldn't happen until later) and that he would forward the completed forms to escrow once he had the needed info. Made my day! |
