By Susan Goulding, Northern CA - Tracy & Mountain House Real Estate
(Crown Key Realty, Inc; Tracy & Mountain House Sales and Property Management)
NorCal Short Sale Questions: Does the Seller pay any requested Buyer's Closing Costs? Ask Susan: We have an offer on our NorCal Short Sale property. In the purchase contract the buyer is requesting that the seller pay 3% closing costs on their FHA funded loan. Do I have to pay these? R.S. Short Sale Seller While the California Contract does state seller in this case it is the lien holder (aka Bank) that will need to approve this expense and will pay for it if approved. The seller (aka Short Sale Homeowner) will not pay these expenses. If you have any further questions please just ask.