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one of the underwriting requirements in our commitment letter states that the sellers contribution cannot exceed closing costs or prepaids. now, in our deal with the seller they agreed to a seller’s concession. in our contract we have this concession listed as a specific dollar amount.

since it’s impossible to know exactly what the final costs will be until the closing itself, what happens if they are less than the amount of concession money? will we get that money back or will it just disappear? the sellers are expecting to get a certain amount and i don’t want to give them a ‘tip’. has anybody gone through something like this?