Buyers often request sellers to contribute to closing costs when purchasing a home. If you are selling your house as a short sale, are you responsible for paying for the Buyer’s closing costs? The answer is “no”…if the buyer requests seller concessions, the requested amount comes out of the proceeds of the sale. Essentially, the lender is paying for them, so they can approve or deny the request.
MORTGAGE RATES, HOME IMPROVEMENT & HOW TO BUY A HOME. EVERYTHING YOU WANT TO KNOW!