When you state give them a credit in the 200/500 series, does the buyer walk out of the closing actually with the check. Lets say we charge $200.00 for OTI and the seller actually paid this so the buyer would get a $200.00 credit. So if sells price was $18,000.00 and that is what the borrower borrowed then the seller would get $17800.00 and the buyer would get the $200.00, since this is what the HUD will state at the bottom. I'm I looking at this correctly.
Thanks