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- Joined
- May 16, 2014
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Give the buyer back $4,500?
Back story:
Boat listed for 84,500, negotiated 80K with seller, reached out to bank and they want 10% down which makes the financed amount 72K, I don't want to be out the 8K so I told them I want to finance the whole 80k. Bank says they need 10% down so I said the actual sale price is 84,500 which brings the financed amount to 76,300 (3,700 out of pocket for me) the issue is the bank will be giving the seller the check, I'm gonna need that 4,500 back LOL What would you do?
Mike
Back story:
Boat listed for 84,500, negotiated 80K with seller, reached out to bank and they want 10% down which makes the financed amount 72K, I don't want to be out the 8K so I told them I want to finance the whole 80k. Bank says they need 10% down so I said the actual sale price is 84,500 which brings the financed amount to 76,300 (3,700 out of pocket for me) the issue is the bank will be giving the seller the check, I'm gonna need that 4,500 back LOL What would you do?
Mike