Posted by ken on June 14, 2009 at 15:47:18:
In Reply to: Re: reo closing costs posted by kathy solomon on June 13, 2009 at 19:58:23:
As i said before everything is negotiable.The banks will often pay for your title insurance if you use their title company,beyond that everything is pretty much the same as a purchase from a private individual.You can ask for anything you want and maybe you will get it.If this is your first deal I would suggest you look for something closer to rent ready,a full rehab will be more expensive and time consuming than you will expect.I would suggest no more than a patch,paint and floor coverings for a first project.Keep looking and you will find a good deal.Do not pay too much if the seller will not take what works for you move on,the money is made on the buy