As far as your comment about getting the best deal....guess what? You're going to get whatever the bank is offering. And you can either take it or leave it. It may or may not be "the best" deal. This is why I tell all my buyers that buying a short sale isn't always a great deal. The bank will only allow the sale if they are getting "fair market value" -- basically what other homes have been selling for in the area.
Again, hopefully you're being represented by an agent? He/she should be the one answering your questions. If not, sounds like Yve is willing to look at it for you, which is very generous.
I would be happy to investigate the details of that specific home for you but from what you have shared, it is likely they are saying the total of agent commissions and seller paid (BoA) closing costs could not exceed $9000. The closing costs include fees related to getting a loan, fees paid to title companies for closing on a home, pre-paid taxes and insurance. Agent commissions are a percentage of the price of the home paid by the seller - Bank of America.
If you are not currently working with a Realtor, I could review the details of the home with you. Please feel free to reach out to me. Good luck,
PorchLight Group Real Estate
As always, I encourage you to speak with your Buyer's Agent. The closing costs can refer to prorated taxes, lawyer fees, title costs, and all of the traditional seller closing costs. Did you ask for Buyer closing costs to be paid? It is so hard to answer a question like this without seeing the contract and related documents. If your Buyer broker can't give you specifics, have him confer with the managing broker. Also he can ask for info from the listing broker and at some point confer with the title company. You are entitled to know and have a full understanding of your costs in particular. Once the approval letter is sent, there is usually very little negotiations that can be made at that point. especially when you are dealing with BofA, which I consider the worst Short Sale Bank to deal with. Congratulations on getting this far and all the best from here.
Your Castle Real Estate