Asked by Kristy, Texas • Wed Mar 5, 2008
We are in the position of needing some seller assistance for down payment and closing costs because some investments went underwater for a little while and I don't want to pull out early. I'm hearing that needing seller assistance severly limits our choices. However, we are looking at homes well below our budget, and would be willing to offer full asking price in exchange for some cash assistance (we are going with an FHA loan). Is that the best approach? We don't want to get messed up on the appraisal becuase we obviously couldn't make up the difference.
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