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Seller’s concession doesn’t work here, ... I think seller concessions are for much smaller percentages. They often are to cover closing costs and move-in costs for people with 100% loans. I cannot imagine one for more than 5%, since if you could get an appraisal for 10 or 20% over the original asking,
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freakonomics.blogs.nytimes.com/2007/06/28/another-look-...
freakonomics.blogs.nytimes.com/2007/06/28/another-look-at-sellers-concessions-in-real-estate/
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Sellers concessions on a purchase contract for real estate is simply a way for you, the buyer, to roll over some of the closing costs into your mortgage. Sellers Concessions are determined by the lender, you have to qualify for seller concessions.
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www.michaelbishoprealestate.com/faqsellersconcessions.h...
www.michaelbishoprealestate.com/faqsellersconcessions.htm
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Sellers Concessions: How concessions work, why a seller agrees to grant them and why buyers should take them. ... Seller's concessions are granted by sellers that want to sell their home quickly. ... How does it work?
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www.my123mortgage.com/sellersconcession
www.my123mortgage.com/sellersconcession
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Seller Financing using Obama money; Submitted by LReggie Young; Due to the cash shortage and low credit scores of potential buyers many investors are using the eight thousand dollar government tax credit as a down payment on their property, and putting the buyer in a credit repair program.
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www.thecreativeinvestor.com/
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What about the concessions home sellers offer for resales? Many trumpet discounts, prepaid closing costs, free homeowner association dues for a year or offer prepayment of your property taxes. They do everything short of standing on ... Regardless of the type of market, whether it's a seller's market or a buyer's market,
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homebuying.about.com/od/buyingahome/qt/123107_Incentiv....
homebuying.about.com/od/buyingahome/qt/123107_Incentiv.htm
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Okay guys here is the scenario: $157k, FTHB, 50% DTI, coborrower has only been in her line of work for 1 month, 2 tradelines, 584 credit score, 100% CLTV, 6% seller concessions, possible alternative tradelines (rental history, phone or light bill).
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forum.brokeroutpost.com/loans/forum/2/79768.htm
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BOSTON MASSACHUSETTS – How does a Seller Concession work? Ask five mortgage brokers, attorneys and realtors and you will get 15 different answers. Why? Because no one uses them consistently in their every day activities. Until now! Mich...
http://bostonmortgageplanner.com/?p=253
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You would add the amount needed to what the seller has agreed to net but be careful not to over inflate this amount because you may have an appraisal issue. Example: Seller wants to net $250K and you need $10K in closing cost so you would w...
http://www.zillow.com/advice-thread/226360?1
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For a homebuyer, there are a lot of enticements that can be broadcast to help them purchase their first or next home with very little or no money out of pocket. One of the best ways this is accomplished is via Seller Concessions. ... Buyers Agent – Inform your buyer how these work and how it can help them financially.
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themortgagegotoguy.com/florida-mortgage-no-closing-cost...
themortgagegotoguy.com/florida-mortgage-no-closing-costs-via-seller-concessions/
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