When purchasing our house in Escondido ( we are happy with the house) we were forced to pay a Charitable Endowment Fee to the Lennar Charitable Housing Foundation to help support the homeless. We believe in charity so we paid.
When selling our house we received a bill from Escrow informing us that we now had to pay again. A total shock to us that we were not told about. It is a lien on the property. It is mandatory to pay this fee EVERYTIME the home is sold.
The charge is 1% of the sales price. So either we pay again, or the buyer must pay. I think this is total rip off. Something to make Lennar look good.
When buying a LENNAR house be aware of this.
A one time charge is one thing, but a recurring charge on each sale is a rip off.
Monetary Loss: $426.