How do I determine how much of my closing costs will be paid for by HUD? Can this amount or the 5% commission to the realtor be written into the loan?

Asked by Private, 92544 Sun Jun 13, 2010

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Joe Yobaccio, , San Gabriel, CA
Wed Jun 16, 2010
Are you a home buyer or home seller? If you are a home buyer, you aren't paying the commission. You will have closing costs unless the seller agreed to pay your closing costs. If you are a seller, then you will have to pay closing costs and the commission out of your equity unless it is a short sale. If it's a short sale, your lender may end up paying for your closing costs including commissions. Your listing agent should be able to help you get that answered.
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