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can a seller pay buyer's closing cost under a VA short sale?

by roy_143_552 from Aurora, Colorado. Mar 11th 2013 Reply


Peter Savino (855411LEND)
#100 ranked lender in New Jersey - 332 contributions

That would be up to the short selling bank, Not the seller themselves,

Mar 11th 2013
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William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,726 contributions

You can ask for whatever you wish.. But when it comes to short sales, it's up to the lender as to what they will accept.. Whether the seller agrees to it or not.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Mar 11th 2013
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Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 3,993 contributions

Yes... They can. But banks do all sorts of weird things. If the bank says no and you are short on cash for closing costs, talk to your lender about increasing your interest rate slightly to cover your closing costs that way. www.VA-IRRRL-Loan-MN.com

Mar 12th 2013
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Carlo Sanchez (MortgageLendingPro)
#0 ranked lender in Utah - 1,163 contributions

Yes, if the bank will approve it.

Mar 11th 2013
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St.marks Sanders (St.Marks)
#65 ranked lender in Colorado - 10 contributions

Yes there are two options. The seller can pay as long as the short sale bank approves it and so can the your mortgage lender. St.Marks 720-435-7777

Mar 11th 2013
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Dave Metsker (DaveMetsker)
#36 ranked lender in Oregon - 2,317 contributions

The seller's lender will set the terms.

Mar 11th 2013
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Ken Burrows (mortgagesforamerica)
#20 ranked lender in Nevada - 572 contributions

Yes if the selling bank will allow it in the offer that you propose. If you need help with a pre-approval and putting in an offer please let me know. P: 888-320-7888 - www.MortgagesforAmerica.org - Ken Burrows

Mar 11th 2013
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Matthew De Weese (Pacific1Lending)
#821 ranked lender in California - 55 contributions

As long as the lender will allow it. Sure. Work with a Realtor(R) who works closely with a lender and you would most likely be much more successful in negotiating the seller to pay the closing costs.

Mar 11th 2013
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Simon Nwoke (SimonNwoke)
#71 ranked lender in Georgia - 37 contributions

Yes, seller can pay closing cost. But the short sale Lender has to approve it based on what it wiil accept as the sales price.

Mar 11th 2013
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Sean Young (SeanYoung)
#3 ranked lender in Colorado - 1,112 contributions

You can request it in your offer and even if the seller accepts, the ultimate decision maker will be the sellers lender.

Mar 11th 2013
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