I am in the process of buying a home. Actually Im almost done. My closing costs in my good faith estimate was only 1030.45. Well I have to send off $400 for the appraisal. So that only leaves 630.45. Well the house is a foreclosure, and so i had to put done 500 dollars to the foreclosure bank. My loan officer said to copy that and give to her and that will take it off my closing costs, which only leaves me at 130.45. Well the foreclosure bank agreed to pay 1600.00 in closing costs. And another 500 dollars for repairs. Do they send that money to me? And if so, before closing or at closing? Also, if I only owe 130.45, do I get to keep the rest for myself to use for repairs and etc? Any help, please....