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Showing results for tags 'option consideration'.
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When I do a SLO, my understanding is that the TB should make out his option consideration check to a Title company so that it will count towards his down-payment for future purchase financing. Is this correct, and if so, how do I get the money out of the title company and back into my hands? Thanks for your support
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Hey, everyone. Couple quick ones here. Crediting a buyer with seller concessions for on time payments to go towards closing costs. How does this work if, to me, it just sounds like a credit on paper? Okay we knock $3600 off the strike price to cover your closing costs. How? Also, is the option consideration the t/b puts down to you also the down payment for their loan? I've heard it both ways. That, yes they can use it as their 3.5% down on an FHA, but others have said no, they have to come up with a "real" down payment down the line when they exercise.
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- down payment
- option consideration
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