Can anyone outline for me what parties pay what closing costs generally in a short sale.
The buyer pays all costs… The lender is looking for a net amount to them … So it doenst matter who pays what on the hud1…
Make it easy and figure a net…
Oh I gotcha. So I know on some sales contracts (like the one I am going to use) you have to list what parties are paying what closing costs. Do I just put down on there that I am paying them all since I am buying?
It really doesn’t matter unless you’re getting a concession from the seller and you’re financing the transaction… On a cash deal indicate that you’re paying all cost and be done… Short Lenders are mainly concerned with their net…
Thanks a lot man! that really helps!