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Updated over 16 years ago,

User Stats

37
Posts
5
Votes
Rob Rey
5
Votes |
37
Posts

How do you negotiate closing cost on an REO deal ???

Rob Rey
Posted

Does Zero closing cost exist on a REO ???

How can an inexperienced investor negotiate closing cost
as low as humanly possible on a REO property ?

I'm not refering to financing cost, which is a seperate matter.

On the way back machine, many many moons ago,
I bought 3 different parcels of land, from 3 different Banks,
simply walked into the Bank or Auction house, handed over a Cashiers check,
and walked out with a Quit Claim deed .

But, that was back in the 80,s , many many moons ago.

If I am to do a Cash deal, on a ~50K Condo for instance,
can I simply meet the Bank rep, hand over a check,
and walk out with a Quit Claim Deed , with Zero Closing Cost

To sum this up, what is the lowest possible closing cost I can hope for
on a Bank owned property (condo) for a Cash deal.

I have no problem with doing the paperwork with county, or state.
I am prepared to pay state, county mandated recording fees.

It's all the other B.S.

If I cant get to Zero, how close can I get to Zero ???

ty for any and all info on closing cost on REO's
.

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