As Cameron stated, "Each bank is different."
You'll need to call, and even then. when the 'bank' says 'Hokey dokey, no problem," those addendum that will be presented are incredibly clear and will prove to be problematic finding space to declare this is an arms length transaction.
Proceed with caution.
Are you aware of the HUD 'blacklist' of renegade professionals who have crossed the line in regards to this subject? No one wants to see a name they recognize appearing on that list. Especially if an agent has had ANY dealing with those appearing on the black list.
Over disclose on this one, there is a lot that commerce could get interested in if you try to hold anything back from the bank or the sellers.
Coldwell Banker Burnet
Licensed MN Broker