I just came from meeting with my realtor at a house I put an offer in on today. We were discussing the bill that has just been signed. She said that lenders have been informed there will be NO MORE cash back at closing, no repair allowances, no seller incentives allowed at closing at all. They have been given no dates, but it could be anytime. Basically that would mean the only concession we as the seller could give is to lower the asking price. I find this hard to believe. Can anyone elaborate on this or have additional information?
"Obstacles can slow you down, but they can only stop you with your permission." Dean Graziosi (BARM pg 101)
"For I know the plans I have for you," declares the Lord, "plans to prosper you and not to harm you, plans to give you hope and a future." Jeremiah 29:11
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