I’m Buying A Bank Owned Home, Is It Possible That The Bank Can Pay Closing Costs?

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I’m in nyc. and if the buyers wants to ask the bank to pay the closing costs, should it be stated in the offer?

Yes you can ask for the closing costs and yes it should be stated in the offer. It is all negotiable. They do not have to agree but they could very well agree to it or come back with an offer of a monetary figure to apply towards the closing costs. For example they could offer to pay $1500. of the closing costs.

Comment by oldgirlI — November 23, 2009 @ 11:15 pm
YES, it should be stated in offer. ONce offer signed, no chance, but not much chance of that anyway.

Comment by chatspla — November 24, 2009 @ 12:28 am
Yes – you must make that a condition of your offer.

Comment by bud68 — November 24, 2009 @ 1:31 am

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