I have seen/heard the same thing on a lender owned. I am not sure how it works for them on their books to show that it sold at a higher price, but then kick back closing. I’m thinking there must be some accounting thing that benefits them somehow. Not sure. Was curious about it myself. I do know someone that was going FHA and the lender was going to pay closing, but then FHA required termite be remedied and the lender took care of that, too.
