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Posted by Luckydog on 5/30/16 12:16pm
That's is def. something we would not discuss at a closing and call the LO. This is also discussed with buyer well in advance of us getting there. You cannot go into those details what so ever.
It could be several things, but I believe it is the difference between paying a full months interest vs a pro rated amount.
Lets say Nancy closed on the 25th of May, but didn't want to make a full payment until August... I believe is the difference of interest working it out. Not sure, and would never attempt to figure this out. If the buyer needs explanation, they need to call their LO or their attorney. |
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