One more question! Is it common to split closing costs and revenue stamps when it's an offer to a corp or a bank?

Jana
Home Buyer
Bella Vista, AR

Answers (1)
Auri, Bilingual...
Agent
72762
FIRST ANSWER

Each person, a buyer and seller, has his/her own closing costs. The revenue stamps cost is based on a flat fee multiplied by the sales price. In this case, the amount to pay is the same for the seller as well as for the buyer. It's common, regardles of the type of property, to split costs on the Title policy. Other than that, it is not common to split closing costs and revenue stamps just because it's a REO property. You could however, request to have some help on your closing costs. It all depends on the negotiations and Seller's motivation. I hope this helps.

Web Reference: http://www.AuriEves.com
Wed Nov 4 2009, 02:59

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