What does it mean with MLS listing says "All bank addendum . . ."

[Christina R.]

will be generated after contract acceptance." Can I interpret that as this listing is open to assignee language in the contract?

[Jeff Rabinowitz]

The bank addenda will usually state that they supercede any purchase agreement you submitted. As Wayne posts above, the addenda will state that that the bank has no knowledge of any defects (or anything really), that anyone who stated anything about the property was not authorized to and that the bank won't stand by their statements if they made any. It will also state that the buyer is purchasing the property as is (the addenda will state this several times). If you wish to have an inspection do so before signing the addenda. The banks will not usually repair anything. They may also state that they will not pro rate taxes or pay closing costs or transfer taxes despite what is traditional in your area. On rare occasions you may be able to change some of this but it is much easier to adjust your offer price downward to cover the additional costs.