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Old 09-21-2011, 09:47 AM
 
581 posts, read 1,140,384 times
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I have been told that you cannot get full or 6% closing cost towards REO properties. Is it true base on your experience and is it ESPECIALLY true on homepath/homepath renovation properties?
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Old 09-22-2011, 10:56 AM
 
Location: Baltimore
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I think homepath currently offers 3% but that may have been something special they were running. As for reos you can still ask for anything in the contract like a traditional sale. If the numbers work out for the bank they may go for it.
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Old 09-22-2011, 04:50 PM
 
581 posts, read 1,140,384 times
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from my understanding, it doesnt seem as if it is because the numbers arent right why they wouldnt offer 6% or full closing cost. It seems to be something that just is. no explanation.
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