Has anybody else out there heard this. I received an email from the Wells Short Sale department claiming they only offer up to $2,000 for closing cost credits. Is this normal? Here in California the standard offer is normally an FHA loan at listing price with a 3% credit for closing costs. Has anybody got more then 2K?
Are they referring to BUYERS closing costs? I know in FHA deals they used to limit the costs they would pay dramatically, and would only pay a little bit if the borrower was getting an FHA loan. Are they talking about the sellers costs? Thats just crazy!
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