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Old 06-17-2011, 05:50 PM
 
Location: Columbia, SC
10,964 posts, read 21,980,652 times
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Quote:
Originally Posted by QuilterChick View Post
Oh well, my lawyer made a mistake ... I just sold property with an FHA buyer and his $3,500 in fees were added to the sale price. That was here in NC. I'll give you his phone number and you can tell him how it works.

FHA Closing Assistance - Seller Paid

VA Loans and Closing Costs - Read the Frequently Asked Questions at VA Mortgage Center.com
Sorry, may have misinterpreted your post. I thought you meant extra cost for the seller but if they are rolled into the loan or added to the sales price I don't really consider it to be coming out the seller pocket.
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Old 06-17-2011, 06:10 PM
 
11,113 posts, read 19,539,434 times
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Originally Posted by Brandon Hoffman View Post
Sorry, may have misinterpreted your post. I thought you meant extra cost for the seller but if they are rolled into the loan or added to the sales price I don't really consider it to be coming out the seller pocket.
It works out well for both parties as an end result; and if the buyer qualifies for what I consider a big loan, it's good for buyer and seller. However they get to an amenable closing, everyone is happy. I have a soft spot for veterans too, and believe they deserve every break available. (Sometimes that word "fraud" is used where it doesn't apply; and folks have a tendency to shoot from the hip looking for an opportunity to blame.)
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