If you are looking for a short sale, which is usually a situation where there are no funds for anyone, including the bank that has the mortgage...there are no funds.
So, basically, you want a real good deal from a bank on a short sale, then you want them to pay for you to close it... C'mon..listen to yourself. Does this make sense to you?
Thank you for your question.
You could get the bank to pay some closing costs if the offer you present to the bank gives them the $ they are willing to accept. Sometimes if the offer is too low they will decline the closing costs request. Have your Realtor do an analysis of the homes sold in the area to see what's reasonable but you have to be patient and be ready to be given a counter from the bank.
I have had transactions that they give and some others that they had not.
Ines De La Cruz
Yes, closing costs can be paid by the seller/bank on a short sale. Will they? That depends on the seller/bank, the offer, and the market value of the property. I've had short sales close where the seller/bank has paid some closing costs and I've had some where they haven't.
If I understand, you want to inflate the sales price to finance the closing costs. That won't work either. The bank will want those funds.
My suggestion is to price the home with the close costs out of the sales price.
Joe Montenigro REMAX Home Team
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Serving Gloucester Twp, Washington Twp & South Jersey Real Estate Markets
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