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Updated about 7 years ago on . Most recent reply

User Stats

2
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0
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Rob Abbott
  • Vendor
  • Carlsbad, CA
0
Votes |
2
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Money to buyer outside of escrow.

Rob Abbott
  • Vendor
  • Carlsbad, CA
Posted

So I have a property in escrow that needs some repairs.  The buyers lender will only allow a $15k credit.  We need to get him another $15ish and we can't just reduce the sale price (apparently the is a little cash poor).  Thought about increasing the commission and have the agents give him the money but they said the lender would view it the same.  Anyone ever give cash to a buyer outside of escrow?  What is the mechanism?  Risks?  Thanks!!!

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