Tag: sales concession

Using VA Sales Concessions & Seller Contributions

Question: I noticed on your Maximum Seller Contributions charts you have plus, up to 4% of sales concessions. Can you explain what falls under the sales concession category? MC VA Sales Concession Training Class Answer: Mortgage Currentcy offers a Fantastic Class on this subject, and you can find it under the “Online Training Classes” link. […]

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Seller-Paid Special Assessment and IPC Rules

Question: Our client is purchasing a condo with a special assessment of $16,000 due 2 weeks after closing.  Our sales contract states that the seller will pay this assessment, but we are concerned this may be viewed as an Interested Party Contribution.  What is your opinion?  MC Chart – Interested Party Contributions Answer: Yes, this […]

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