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Does the Seller have to pay closing costs, commissions, or other fees at Closing?

It depends on the terms of the short sale contract and is one reason that a real estate lawyer may be in the interest of the seller. At Tiller & Rivera Law P.A., we always ask that our seller clients pay no out of pocket closing costs, commissions or any other amount at Closing and require the lender/bank to approve the payment of these amounts from the short sale Purchase Price paid by the Buyer. In the vast majority of cases, if done properly, the seller should not have to pay any amount at closing for these fees and costs. However, if there is a second mortgage there may be an additional amount to be paid to this party. Even in the short sales with HELOCs or second mortgages sellers are often able to avoid paying any additional amounts. The guidance of a real estate attorney at the beginning of the process may help the parties avoid paying additional amounts.

Contact Tiller & Rivera Law P.A. today to discuss your short sale options with West Palm Beach short sale lawyer and real estate attorney.
Main Office: West Palm Beach Satellite Offices: Stuart Palm Beach Gardens Fort Lauderdale


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