Has anyone had wells fargo say they'd approve the loan if the seller pays $2500 at closing because of PMI?
We're running into this right now. They either want the seller to pay the $2500 at closing or sign a note saying they will pay $5000 within a 5 year period. The seller is at 98% with the offer from the buyer. Any suggestions?
Answers (1)
FIRST ANSWER
No, haven't heard that one but I'm not surprised. We're dealing with a real estate market the likes of which we have NEVER seen before. It's literally like the wild west out there right now - every day we hear of some new "twist" that we never heard of before. Good luck on working this out. Might be a good idea to check with another reputable lender. If you want a referral for a good, honest, experienced lender, let me know.
Web Reference: http://www.mysouthhomes.com
Didn’t find what you were looking for? Ask a question!
More Q&A about Home Selling in 30043
View all »
Ask a question
Got a real estate question? Get answers from locals, experts and real estate pros.
Email me when…
View all »
1 - 3 of 115
|
|
|
|
|||||||||||
|
|
|
|
|
|
Copyright © 2009
Trulia, Inc. All rights reserved. |
Fair Housing and Equal Opportunity
Fair Housing and Equal Opportunity
Help us improve our service—send us feedback