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Seller asked for money to pay off their loan < 24h before closing

  • The seller can't afford to pay off their $8.5k loan to close
  • They told me this less than 24 hours before closing
  • They asked me to cover it. Suggested solution:
    • realtors take a haircut of $2k each
    • I contribute $4k
    • They take $10k off the home price
  • I'm still weighing my options with my attorney
  • My rate is locked in til today
  • I already paid a ton of money in survey, inspection, title, and taxes for my downpayment

I'm beyond frustrated. This whole process has been terrible. Who does the due diligence on these people? How could something like this be missed?

I feel so trapped - screwed either way. Mostly, I'm looking for commiseration, but also open to advice.

submitted by /u/cocaine-rp
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/14mvoak/seller_asked_for_money_to_pay_off_their_loan_24h/
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