Short Sale - Additional Funds
Hi BP Community. I am in the process of purchasing a short sale. I received a call yesterday from the listing agent that the purchase price was approved, BUT the bank is asking for $2,500 additional from the sellers. Because the sellers are unable to pay this, they are asking me (buyer) to pay it. The odd part to me is, they are asking this amount to be paid to the closing attorney directly --- as it will NOT be part of the closing disclosure.
This is my first SS and didn't know if this is 'typical'? Thanks for any advice.