Kimberly Boudier's Blog (1)

Does SB 458 in California allow voluntary contributions by the seller to the second mortgage?

We have approval from Wells Fargo the first with them providing 7500.00 of the 34K that is being paid to the second mortgage PNC. Upon submittingthe HUD for final approval Wells Fargo states know that the second mortgage cannot receive these funds even if they are voluntary. I called my Real Estate Attorney and he also said that YES they can contribute if it is voluntary. Does anyone have any infor on this or a resource to direct me to. We are suppose to close on…

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Added by Kimberly Boudier on October 14, 2011 at 1:37pm — 2 Comments

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Kimberly Boudier's Blog (1)

Does SB 458 in California allow voluntary contributions by the seller to the second mortgage?

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