USDA Loans and Loss Mitigation Fees
Posted 12 June 2012 - 05:13 PM
Can anyone provide some insight?
Posted 13 June 2012 - 08:28 PM
Posted 13 June 2012 - 09:20 PM
I personally have NEVER heard of a buyer being asked to pay a loss mitigation fee - maybe it is common in some places but not something I have experienced or can answer
Thanks, Brian. I appreciate your input.
Actually, the loss mit company's paperwork states that they will attempt to recover the fee from the seller's lender, but if they're unsuccessful, the buyer will be responsible for paying it.
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