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.
Personally, I’m against any kickbacks of any kind, as it distorts the comps — which is probably why they want to do it this way if they have other, nearby properties they need to sell. They don’t want “lower” (actual price) comps to bring down the perceived value of their REO (or other) inventory.
Like you’ve said, why pay taxes on the higher price? If you have the cash, make them discount the price.
Personally, I’m against any kickbacks of any kind, as it distorts the comps — which is probably why they want to do it this way if they have other, nearby properties they need to sell. They don’t want “lower” (actual price) comps to bring down the perceived value of their REO (or other) inventory.
Like you’ve said, why pay taxes on the higher price? If you have the cash, make them discount the price.
Personally, I’m against any kickbacks of any kind, as it distorts the comps — which is probably why they want to do it this way if they have other, nearby properties they need to sell. They don’t want “lower” (actual price) comps to bring down the perceived value of their REO (or other) inventory.
Like you’ve said, why pay taxes on the higher price? If you have the cash, make them discount the price.
Personally, I’m against any kickbacks of any kind, as it distorts the comps — which is probably why they want to do it this way if they have other, nearby properties they need to sell. They don’t want “lower” (actual price) comps to bring down the perceived value of their REO (or other) inventory.
Like you’ve said, why pay taxes on the higher price? If you have the cash, make them discount the price.
Personally, I’m against any kickbacks of any kind, as it distorts the comps — which is probably why they want to do it this way if they have other, nearby properties they need to sell. They don’t want “lower” (actual price) comps to bring down the perceived value of their REO (or other) inventory.
Like you’ve said, why pay taxes on the higher price? If you have the cash, make them discount the price.
Emily, are you doing FHA? Maybe having them pay closing is a good thing in the long run, you know, JIC the SHTF and we do double dip or triple dip or any leg down, you are miniminally invested.
Emily, are you doing FHA? Maybe having them pay closing is a good thing in the long run, you know, JIC the SHTF and we do double dip or triple dip or any leg down, you are miniminally invested.
Emily, are you doing FHA? Maybe having them pay closing is a good thing in the long run, you know, JIC the SHTF and we do double dip or triple dip or any leg down, you are miniminally invested.
Emily, are you doing FHA? Maybe having them pay closing is a good thing in the long run, you know, JIC the SHTF and we do double dip or triple dip or any leg down, you are miniminally invested.
