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Karen Linn Emes - November 29th, 2004 4:07 AM

If buyer has a USDA approved loan ammount, but, no extra money available at hand,what cost fall on the seller if they take buyer's loan ammount? What is seller's obligation on closing cost?

Keith - November 29th, 2004 4:07 AM

The seller to my knowledge is not responsible for the buyer's closing cost. If the buyer does not have money for closing they may in the agreement of sale request "seller's assist" for up to the amount of the estimated closing costs. This is what we recently did for our bid with a USDA mortgage.

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