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1st Lien Holder requiring Seller Contribution

Posted by Bob Kelly on April 28, 2011 at 12:40pm

Can a 1st lien holder require the seller to make a cash contribution? The 1st is with GMAC, the negotiator told us the seller had to contribute, they would not allow the buyer to contribute. Does anyone have a good contact at GMAC?

Bob Kelly 619-445-6556

Prudential California Realty

La Mesa, Ca.

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