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Updated over 7 years ago,

User Stats

280
Posts
219
Votes
Brandon Johnson
  • Investor
  • Baton Rouge, LA
219
Votes |
280
Posts

Asking Bank to Pay Closing Cost on REO Sale

Brandon Johnson
  • Investor
  • Baton Rouge, LA
Posted

Does anyone have any experience to be able to say whether a large financial institution would be less inclined to accept an offer on a bank owned foreclosure sale if the offer contained a stipulation that the seller pay all or some of the closing costs?

In my example of a bank owned duplex from a foreclosure that is priced slightly under market, assuming an offer at the asking price plus seller paying all or a portion of closing costs, would that closing cost stipulation weigh negatively on the bank's decision to accept my offer over another offer that is lower than mine on the net sum of the offer even if by only one or two thousand dollars?

Thanks for any input,

Brandon

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