Ah yes... Jason is right. Closing costs are definitely something we ask for and generally get. :) But again, it's dependent on what your offer is. The bank is looking at the total number and their bottom line.
Yes. Banks are not required to provide a Property Disclosure. But I have to disagree with Allison about the concessions. I have found that many banks are willing to contribute to the Buyer's Closing Costs with a reasonable offer. If you can offer a sizable Earnest Money Deposit & offer a quick Closing Date, this strengthens your offer & they may be more willing to be flexible in regard to concessions.
Whether making an offer on a bank owned home or a resale... In this market, I would advise, at the very least to ask for Closing Costs to be paid by the Seller.
Hope this helps Balsac.
Banks don't give a whole lot these days. Don't expect a Real Property Disclosure either. As for monetary concessions, good luck. Banks feel like they've already taken a loss in the foreclosure process and are unwilling to lose anymore. You'd think they'd want to hurry up and sell their inventory (since they're not in the business to sell homes!), but I've found that banks will bog you down with beauracracy and fight you for every dollar.