Just because the math almost always results in a net amount due FROM the borrower in a purchase transaction, that doesn't mean that it will always be the case. If the HUD-1 math is such that the credits to the borrower (including loan proceeds) exceed the charges to the borrower (including the purchase price net of earnest money), the borrower comes away from the table with more than he sat down with.
John S. Burnett
Fighting for Compliance since 1976
Bankers' Threads User #8