QUESTION
If a seller gives a buyer a credit for misc. repairs on a home when does the buyer receive the credit? At closing ?
Asked on May 10th, 2013 on Real Estate - New Jersey
1 ANSWER
2 Awards
Yes - usually the credit is figured out and paid (or is given) at the closing. It iwll be a line item on the HUD statement.
Answered on May 11th, 2013 at 7:11 PM
Diana L. Anderson, Certified Elder Law Attorney This response is not legal advice and does not establish any form of attorney/client relationship