Another one of the things with Nehemiah, Neighborhood Gold, etc is the seller has to AGREE to participate in the program, and the appraisal has to be close to the selling price. What the seller is agreeing to is to throw in a small percentage towards the closing cost for the buyer (If I understood correctly). The reason for the appraisal notation is there is to prevent the seller from jacking the price up too much to compensate the % they throw in. They all have catches. I have yet to have anyone give me the stats on seller participation (Nehemiah themselves nor mortgage companies that claim to participate)
