Get answers to legal questions about real estate

the question
We love the house, but it needs some repairs and the Seller cannot do them prior to closing. Can we just get a direct credit from the Seller on the settlement statement at closing?
the answer
Probably not, most all lenders will NOT allow a direct credit from the Seller to the Buyer on the settlement statement. Try to negotiate some Seller paid closing cost in the contract to offset the cost of the repairs.

Phillip C. Price
Real Estate Closings

• Affordable • Experienced • Accessible
828-633-2374 • www.phillippricelaw.com 

Barrett W. McFatter, AssociateBarrett@phillippricelaw.com

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