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Should I ask short sell seller to pay a portion of closing costs?

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mommieofaprincess Joined: 04 Apr 2011 Posts: 1 1.31 Dollars($)	Posted: Mon Apr 04, 2011 6:32 am    Post subject: Should I ask short sell seller to pay a portion of closing c Like 0 Dislike 0 We are considering purchasing a home that is a short sell and has been on the market for about 28 months with, according to the seller's agent, no offers. My question is, as a potential buyer should we ask for the seller to pay a portion of the closing costs?
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12376 Location: bloomfield, ct 58.49 Dollars($)	Posted: Mon Apr 04, 2011 8:28 am    Post subject: Like 0 Dislike 0 I don't know if a lender involved in a short sale would allow a seller to pay a portion of closing costs. After all, that's money coming out of the lender's pockets, in essence. _________________ George M. Akerley Mortgage Underwriter/Consultant Word of Excellence- Writing/Editing/Proofreading 860-221-5044
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Mon Apr 04, 2011 7:37 pm    Post subject: Like 0 Dislike 0 Hi mommieofaprincess! Welcome to forums! You may request the seller to pay a portion of the closing costs. But as George says, it will depend upon the discretion of the lender whether or not he will allow it. Feel free to ask if you've further queries. Sussane
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12376 Location: bloomfield, ct 58.49 Dollars($)	Posted: Tue Apr 05, 2011 11:28 am    Post subject: Like 0 Dislike 0 Y'know, I didn't even look at the name you chose, "Mommie," but I'm impressed. As the father of a current Prince who's on his way to reigning as King, I applaud you for recognizing her publicly. _________________ George M. Akerley Mortgage Underwriter/Consultant Word of Excellence- Writing/Editing/Proofreading 860-221-5044

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