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Seller's Credit

Started by abcd1234
over 13 years ago
Posts: 0
Member since: Jan 2013
Discussion about
Hi I am a Buyer who just received Board Approval & am looking to close soon. Does anyone know how the Seller's Credit works? I am due to receive $20K+ from the Seller. Do I deduct this amount from my downpayment at Closing & just write a check for the balance to the bank? Or do I have to pay full amount of downpayment & then receive Seller's Credit after the Closing? Thanks!
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