Posted by Nick on July 30, 2001 at 15:27:55:
I had the same problem when I closed on my last deal. What we did was to have the seller write a check for the amount above the allowed 2%. This did not cover the entire termite bill so I wrote a check to cover the rest. The checks were given to the title company before closing. Then at closing the title company paid for the termiting.
Sometimes the investors are more comfortable with this going on outside of the closing.
Hope this helps