IS Paragraph 15B on the Arkansas Real Estate contract confusing to you?

By
Real Estate Agent with Coldwell Banker

 

 

 If Buyer is closing on the Property believing conditions exist at the Property that require repair and agrees to a credit equal to the Repair Limit as allowed by this Paragraph 15B, can this credit be on the Settlement Statement (HUD)

Will appreciate all in put on this.

Jeanette Hemmer , Johnson County Arkansas

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Rainmaker
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Barbara S. Duncan
RE/MAX Advantage - Searcy, AR
CRS, GRI, e-PRO, Searcy AR
It depends on the type loan.  Most loans will not allow it so if I were you I'd not plan on it. 
Dec 07, 2007 09:33 PM #1
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Rainer
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Jeanette Hemmer

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