Cash Contribution

Is it always specified what the cash contribution will go towards? We have been told that there needs to be $3K and my husband wants to know where it is going before our offer acceptance deadline on Friday. Is this something that is easy to find out?

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Replies to This Discussion

Permalink Reply by Jake Bowers on October 26, 2010 at 11:04am

My reply moved to your original thread form a few days back.

Permalink Reply by Kelly Timm on October 26, 2010 at 11:38am

Are you the buyer and are being asked for 3K to contribute or the seller??? You will find where the $ is going on the HUD from escrow or the attny. It should specify that x amount is going to the net on the 1st, allowing x to go to the 2nd lien and a cash contribution of X (3K) coming from the buyer/ seller to be applied to the lien release. Did that make sense??

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