Register
Log In
Forget your Password?

Home
Directory
Bulletins
Forums
Blogs
Articles
Links
Classifieds
About Us
Contact Us
Advertise
FAQ
Privacy Policy


Discussion
<< get older messagesget newer messages >>
to post a message: login - or - register | search messages | show all replies



[+] Joyabia, Guatemala - Jay D/MO (2 replies)
12/29/2012 4:29:44 PM (4058 views)

[+] Looking - Brad Tilman/GA (1 reply)
12/28/2012 11:24:23 AM (2477 views)

[+] National Real Estate (nreis) - Wanda Steudel/OH (8 replies)
12/27/2012 2:33:22 PM (3679 views)

[+] HAPPY HOLIDAYS - CHARLENE  PERRY/MD (3 replies)
12/21/2012 1:16:54 PM (4216 views)

[+] Jack Munsey - Karen Poirier/CT (7 replies)
12/18/2012 7:08:39 PM (3340 views)




The Bribery Aisle: How Wal-Mart Got Its Way in Mexico - Leigh Attridge/MA
12/18/2012 1:10:13 PM (3388 views)

[+] In Memorium - Kevin Ahern/CT (8 replies)
12/18/2012 10:15:27 AM (2477 views)

Kansas abstractors? - Michael Toebe/KS
12/15/2012 10:01:47 AM (1899 views)

[+] Halo, Revelations and Eclipse... - Rita Killary/NY (2 replies)
12/13/2012 12:44:07 PM (2783 views)

[-] Realtor credit to buyer - CHARLENE  PERRY/MD (7 replies)
12/12/2012 1:59:31 PM (2627 views)
Re: Realtor credit to buyer - Scott Perry/PA
12/12/2012 11:45:58 PM (2245 views)
Re: Realtor credit to buyer - Robert Franco/OH
12/13/2012 10:15:05 AM (2259 views)
Re: Realtor credit to buyer - CHARLENE  PERRY/MD
12/13/2012 10:47:26 AM (2227 views)

Gentlemen

Thank you for your reply.  The realtor that is offering the "credit" is the buyer's agent, under a buyer's agency agreement.  The funds that he is offering as a credit are part of the commission being paid by seller under an exclusive listing agreement to the listing agent who then will 'split" that commission with buyer's agent pursuant to their agreement.  So, in fact, the funds are coming exclusively from the seller and as such, in my opinion, should be considered a seller contribution to buyer's closing cost.

I have advised the parties that unless the lender has specifically authorized a seller credit to buyer's closing cost this credit will not be allowed.  Neither the buyer nor his agent have fought me on this.  So, it is likely that what will actually happen is that the buyer's agent will give the buyer this "credit" outside of closing.  Naturally, I cannot prove or disprove this assumption, so......; but at least my HUD will be in accordance with the lender's instructions to me.

to post a reply: login - or - register


Re: Realtor credit to buyer - Constance Foye/VA
12/17/2012 8:07:03 AM (2180 views)
Re: Realtor credit to buyer - CHARLENE  PERRY/MD
12/17/2012 2:53:38 PM (2199 views)
Re: Realtor credit to buyer - John Coutinho/MA
12/17/2012 2:46:54 PM (2194 views)
Re: Realtor credit to buyer - CHARLENE  PERRY/MD
12/17/2012 2:51:32 PM (2225 views)

[+] Hamilton OH closing on Friday's - Nathan Miller/KY (10 replies)
12/6/2012 6:23:10 PM (2391 views)

[+] Buy a Goat, Help a Family - Scott Perry/PA (7 replies)
12/2/2012 11:02:13 PM (3840 views)

[+] Ethics- Get some please. - Paige Dunn/GA (3 replies)
12/1/2012 6:29:17 PM (2345 views)

[+] National Asset Works WILL NOT PAY!!! - Elisabeth Thierstein/CA (3 replies)
11/30/2012 7:24:55 PM (3235 views)

[+] Full Title - Getting Underwritten?? - Regina  Engebritson/MN (5 replies)
11/27/2012 9:49:28 PM (2448 views)


<< get older messagesget newer messages >>

DISCLAIMER: These Message Forums are un-moderated and Source of Title does not endorse the content of any of the posts. Source of Title discourages libelous comments and you, as the sole creator of the content, take full responsibility for your remarks.
Directory

The Source of Title Business directory has 8956 listed companies.

Leave feedback on a company:
SOT ID #:  learn more...
DRN Title Search
Blogs

Read other users' blogs-- or start your own!

Most Recent Blog Posts:

Let’s Talk about the US Dollar
Marissa Berends's Blog
2025/07/18
0 comments

Understanding Survivorship Marital Property vs. Joint Tenancy in Wisconsin
Marissa Berends's Blog
2025/07/16
0 comments

How “Buy Now, Pay Later” Loans Are Starting to Affect Your Credit Score
Marissa Berends's Blog
2025/07/14
0 comments

Articles

Source of Title articles help to keep you informed on the state of the title industry.

Joint Trades Press Statement on FHFA Announcement on Credit Scores
"FHFA Director Pulte’s July 8 directive to the GSEs to adopt a modernized credit score, VantageScore 4.0, was a pr...
Westcor Land Title Insurance Company® Partners on Fannie Mae Title Acceptance Pilot
“We’re proud to support the GSEs’ modernization goals while continuing to uphold the core value of tit...
Remodeling Market Sentiment Dips in Second Quarter
“Most remodelers continue to express positive sentiment, but some, especially in the western part of the country, ...
Title Resources Group Appoints Michael Campbell as Underwriting Counsel for Michigan
"Michael's diverse title agency and underwriting background in high-volume and boutique shops gives him the broad experi...
Mortgage Applications Increase in Latest MBA Weekly Survey
“Mortgage rates moved lower last week, with the 30-year fixed rate decreasing to 6.77 percent, its lowest level in...

Search Articles:
browse...

Classifieds

Buy, sell, or trade! Browse the ads or post your own!

© 2020, Source of Title.