Alexander N asked:


Is it possible for the bank to pay for the buyers N.R.C.C?

Bernita

4 Responses to “In a short sale, can you ask the seller to pay for your closing cost?”

1. Jack12345 on January 22nd, 2009 3:04 am

   yes, upon bank aproval

2. CarmenNR on January 23rd, 2009 7:18 am

   You may ask, however it’s not for sure that the lender will approve it. The lender usually pays only for seller’s closing cost, and agents commissions.

   Good luck

3. Junius L on January 24th, 2009 1:07 am

   Alex,

   Both of the answers above are good, but also try to ask your realtor to see if he/she and the sellers agent will help cover some of your expenses as well. If you’re not getting a loan, it should only be about $1000, anyways.

4. Laurie the Realtor on January 24th, 2009 3:16 pm

   You can ask, but 9 times out of 10 they will not pay any buyers concessions.