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From: bmeltz
Posted: 2004-11-05 14:32:07
I have been doing real estate investing for over a year (mostly buying FSBO or foreclosures once bank owned), but admittedly am just trying a short sale for the first time. Is it common for the buyer (meaning us investors) to pay all the costs related to closing the transaction (i.e. fees, taxes unpaid, etc.)? So if the offer to purchase is for $90,000, is the bank expecting to net $90,000? I know everything is probably negotiable, but can anyone shed light on what has been their normal experience with this particular part of it? Thanks in advance!

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