Posted by Dave T on June 01, 2006 at 24:50:53:
Unless it is stipulated somewhere in your contract that you are giving a $20K concession to the buyer, the settlement company won’t cut the buyer a check.
If your real estate agent and the mortgage broker want you to rebate a portion of the purchase price outside of closing, then you have a private side agreement. If this agreement is not disclosed to the lender, you may be facilitating mortgage fraud.
Better to get every element of the transaction in the written contract in the first place.