CLOSING COSTS??? HOW TO GET CREDIT BACK?? HELP!!!! - Posted by Jimmy

Real Estate Investing Real Estate Law
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Posted by JHyre in Ohio on July 08, 2002 at 07:26:24:

“In addition to any other consideration required by this Agreement, Seller shall pay the greater of $5,000 or closing costs”. This assumes that the term “closing costs” is defined by the agreement.

John Hyre

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CLOSING COSTS??? HOW TO GET CREDIT BACK?? HELP!!! - Posted by Jimmy

Posted by Jimmy on July 07, 2002 at 10:07:41:

I am doing a deal today that I negotiated the Seller to where he will pay the closing costs (5,000.00) of course the closing won’t be but less than 1/2 that and I want the difference given back to me. The loan I am getting is covering all my costs. What clause should I use so that any excess over the real cost goes back to me?

Anybody have anything better than:
“Seller to pay $xxxx toward the Buyers closing and any excess will be refunded to Buyer at closing.”

Thanks in advance.