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Author: jennylom One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 127777  
Subject: Question about Seller's Concessions Date: 6/27/2001 6:11 PM
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Can someone please explain how these work? As I understand it, the sellers can contribute x amount of dollars towards closing costs (in our case, $5000). Now, I have been told that these concessions don't affect the sellers in any way, and the actual amount is rolled into our loan. So does that mean that the seller gets a check for $5000 at the closing from the lender? If this is not the case, then what exactly happens?

Someone please tell me if I am right...All this number stuff is making my head hurt... :-P

Jen
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