February 3, 2010

How do allowances work in real estate?

Category: Renting & Real Estate — samiam @ 12:42 am
fun_runner_girl asked:

Our mortgage lender offered us a $3000 appliance allowance for the home we are in the process of purchasing. 3 days before we found this out, we bought appliances ourselves. Can someone tell me how real estate allowances work? We live in Wisconsin.
The home is a foreclosure and does not have appliances. The lender thought this allowance would help us out.
We close next week. I can return these items before they are delivered in 2 weeks.

Silver Spring Md Homes

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