Monday, February 22, 2010

Zip Rebate

I had the following comment on one of my previous posts. I would have replied directly to the commenter but they left the comment without any information.

Finding out its not as simple as you say and the website claims. Zip is saying that we cant use this towards closing costs and we can only get a check after close. Our lender (or HUD) is saying we cant get a check after close unless they reduce the mortgage amount which means we must have more $ for down payment. Can anyone explain this to me?? Left several messages with Zip managers but no call back yet. The purchase is happening in MA btw.

I have not had any experience with this type of issue. I do however know that Zip has had some issues with the rebate lately. I am trying to get to the bottom of the issue and will post again with the updated information.

Sorry for any confusion and/or trouble.

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