Posted by Rich-CA on June 20, 2007 at 09:05:58:
Your interpretation needs to be the right one in order for there to be a reason for this discussion. I have not asked for cash back as a buyer, but there are now more restrictions on how much seller paid closing costs there can be and I have found that where my negotiated contract exceeds this, I have to go through and move expenses from the buyer to the seller on a line item basis just to be able to get the total we agreed on, and then amend the contract to match.
I also usually set up a repair escrow, which is sort of cash back, but the checks are to the person doing the work for me that I hand out as progress payments while the work is going on. I find they are more willing to let it go is your hands don’t actually touch the cash, but there are ways to structure the same effect.