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SELLER CREDIT AT CLOSING

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Joined: 08 Apr 2007

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PostPosted: Fri Jun 29, 2007 12:12 pm    Post subject: SELLER CREDIT AT CLOSING

HI ALL,

QUCIK QUESTION. IF THE SELLER IS PAYING SOME CREDIT TOWARDS CLOSING COSTS, HOW DOES IT APPEAR IN THE CLOSING STATEMENT?

PLS HELP
 
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Phelps

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PostPosted: Fri Jun 29, 2007 1:20 pm    Post subject:

These will be listed in the settlement charges section on HUD-1 statement under the heading - Paid from seller's funds at settlement.

Thanks
 
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