Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago,

User Stats

42
Posts
16
Votes
Mike Hibbs
  • Residential Real Estate Agent
  • Royal Oak, MI
16
Votes |
42
Posts

Short Sale - Additional Funds

Mike Hibbs
  • Residential Real Estate Agent
  • Royal Oak, MI
Posted

Hi BP Community.  I am in the process of purchasing a short sale.  I received a call yesterday from the listing agent that the purchase price was approved, BUT the bank is asking for $2,500 additional from the sellers.  Because the sellers are unable to pay this, they are asking me (buyer) to pay it.  The odd part to me is, they are asking this amount to be paid to the closing attorney directly --- as it will NOT be part of the closing disclosure.  

This is my first SS and didn't know if this is 'typical'?  Thanks for any advice.

Loading replies...