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Can closing costs be negotiated with REOs (real estate owned properties)?

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Question by Jennifer T: Can closing costs be negotiated with REOs (real estate owned properties)?

Best answer:

Answer by Michael B
One thing you will find on this planet that everything is negotiable always what is the worst they could say No well at least you give it a try

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  • Nate

    Yes! Closing costs are often one of the items that banks will cover in a REO, they generally won’t do any repairs but some give 3000-6000 in credit for closing costs.

  • Janet P

    They usually agree to pay half.

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