Carlos, visit http://www.1CDPE.com and keep an eye on the next certification course.

Otherwise, contact me for more direct information.

Wenceslao Fernandez Jr, BS, CDPE

I believe the seller can contribute to the buyer costs, but whatever the bank is short in the end, the seller will have to pay back to the bank. The bank must agree with the contract that the seller may accept.

Buyer may ask for the seller conribuition and it it up the the bank ...

Everything is negotiable provided the bank gets their Net

Carlos, it might seem on the surface that you can't have any Seller contributions in a Short Sale. However, Seller contributions are quite common. Keep in mind that the party actually approving the contribution is the Lender. It would be more accurate if we could describe them as "Lender contributions". It is true that the "Seller" or homeowner does not have monies available to offer anything in a short sale therefore it's not really the "Seller" who is offering contrributions it's the Lender.

As with any offer, Short Sales will vary greatly depending upon the quality of the actual sales offer, the Lender, any additional liens on property, etc. So to answer your question, "yes" short sales can have Seller contribution.

A short sale means that the seller "qualified" for the lender to CONSIDER taking other terms when the property sells. Other then the mortgage amount owed. A lender usually has first lein on the property, so it can not be sold without them either being paid back in full, or the lender agreeing to take less money. Terms can be anything on the contract, however the lenders stastically have only bothered to look at offers with well qualified buyers, no contingencies. Their motivation to accept a short sale is qucik closing, good buyer, strong down payment. The habits of lenders is changong daily with new properties having distress.
A good Realtor can walk you through the process, and find out if the bank is being liberal on their terms.
good luck.
Debi Quade
Carson Realty Group

Not to my knowledge. In a short sale there can be NO proceeds to the seller; the seller is "already" contributing the amount shorted the lender~ so to speak.