Updated almost 9 years ago on . Most recent reply
Seller Concession Loss
Hi everyone
Im in the process of closing on a SFH
the purchase price is 213k with 20% down
The seller concession was $6065 to cover closing costs there is $419 left over due to the "limit im allowed to receive" and my lender said i have to take that loss and theres no way i can get that money.
is this really how the lending process works?
do i really have to take that loss or is there a way i can get that money from the seller?