Posted by Ron (MD) on June 28, 2003 at 11:41:14:
The benefit to the seller is that he may have a buyer who is qualified to purchase his house, just short of the cash he needs for closing. Most sellers would rather wait for a buyer who has other sources for the cash (besides the seller).
Most sellers won’t participate because they don’t want to contribute that much to a buyer’s closing costs. You will need to find a seller who is motivated to be rid of his house.