I just had a bank ask me to pay for the arrears on HOA for a seller and we represent the buyer. They want $3600 in order to do the deal! Told em to go pound sand.
If any Seller or Agent is reading this and you have a good solid investment property, send me property information to firstname.lastname@example.org
Looking for property in SD - All CASH 15 DAY CLOSE - Will consider current tenants to remain as renters and will entertain short sales.. we will wait for the right deal.. Also looking for BULK So for the who have great relationships with asset managers and can put together a bulk deal.. ever better..
However, if you are trying to negotiate a short sale or a bank owned property the bank can refuse to pay for them. The banks are looking at their bottom line and many times refuse to pay for "standard", seller paid items.
If you really want the condo and feel you are getting at a low price due to our current economic situation then you may want to consider paying for them to get the transaction closed.
Closing cost fees are negotiable between a Buyer and a Seller including HOA (Home Owner Association) transfer fees. In most cases the Buyer pays for the cost of the transfer and the Seller pays for the recording. The fees usually would also be prorated.