After 7 Months offer finally accepted!! Question Now?
Hello Guys,
After a long 7 months my offer was finally accepted on a short sale. But after receiving the approval letter from the bank I have a question regarding the numbers below. My cash offer was $94k and I understand the commission of 6% but why is the closing cost at $6,356.50 when they wont be anymore than about $2000 including transfer taxes? Is that money allotted for after my home inspection is done and used for any major repairs? Or the bank just saying thats the max they will use for any closing costs? Any help would be greatly appreciated?
