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Old 04-25-2008, 05:08 PM
 
Location: Between a Rock and a Hard Place
110 posts, read 478,605 times
Reputation: 68

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Do banks ever do Sellers Assitance on REO's? Is this even worth putting in a contract?

I know they almost exclusively will fund repairs found from the inspection rather than contract to get them done. I'm not talking about this, I'm talking sellers assitance.

Trying to see if I should leave this out my contract plans for REO's and just factor what I would have asked into my initial offer.

Thanks D!
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Old 04-26-2008, 12:35 AM
 
69,360 posts, read 58,581,215 times
Reputation: 9372
Quote:
Originally Posted by dangelo View Post
Do banks ever do Sellers Assitance on REO's? Is this even worth putting in a contract?

I know they almost exclusively will fund repairs found from the inspection rather than contract to get them done. I'm not talking about this, I'm talking sellers assitance.

Trying to see if I should leave this out my contract plans for REO's and just factor what I would have asked into my initial offer.

Thanks D!
Yes they do. Just closed on one last week with $15,000 in sellers assist.
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Old 04-26-2008, 02:27 AM
 
Location: Southwest Pa
1,440 posts, read 3,968,182 times
Reputation: 1693
Yes. Rather common.
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