Credit request at closing
Hello BP colleagues,
What are the ways to receive credit at closing? I am in escrow on a duplex, conventional loan, and credit have requested is above the closing cost amount (with about 20k more). I do not want a price reduction, as the negotiated price will appraise, but rather receive a credit at closing which will use towards a few improvements.
What are the ways to receive the credit in escrow and outside of escrow? If outside of escrow, how to legally protect myself?
Best,
K