Posted on: 24th Apr, 2010 05:40 am
Hi. I am trying to short sale my home. i got an offer to buy my home yesterday. The buyer wants the "seller" to pay for 3% of the recurring and non recurring closing costs. I don't have that kind of money laying around. I asked my realtor about the buyer wanting me to pay for the closing costs. My realtor told me the bank is the "seller" and not me. She said the bank would pay for "everything" and I would not have to pay anything since it is a short sale. I talked to my old realtor, who I would've hired but she lives far away, and she said I am the "seller and the bank is the lien holder. Who is right? I have a real estate attorney and requested them to call me about the matter but I don't expect to hear form him/her until Monday. Thanks.
Hi wl,
As far as I know, you will be considered as the seller of the property and the bank will be considered as the lien holder. It would be good if you could take the opinion of your real estate attorney in this matter.
As far as I know, you will be considered as the seller of the property and the bank will be considered as the lien holder. It would be good if you could take the opinion of your real estate attorney in this matter.