| Name:
Sameka
Title of Question:
bank owned purchase |
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Question: Do bank owned property offer concession/cover closing cost? Also do they accept FHA loan |
Post Your Answer To The Question Above:
Name:
mya
| Date: October 5, 2007, 11:12 pm
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| Answer:
They do accept FHA loans and if the house has been on the market for a long time they usually offer to cover half of your closing costs but you can request they cover all of your closing costs since it is a buyers market. The worst they can say is no. |
| Name:
REO DEED QUESTION
| Date: October 8, 2007, 11:47 pm
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| Answer:
I am buying a bank owned property (REO)and bank is only giving a special/limited Deed. How does this affect later sale. Can I later sale and give buyer a Full Grant Deed? Is it normal for bank to only give special/limited deeds on bank owned rep properties? Will I ever have Full Grant deed or will I always have to worry about someone maybe making claim on our property?
Please help |
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