Selling Home/need $$ To Purchase Or Rent New Property
Is it possible to work out a deal with the buyer to use a portion of their escrowed down payment for moving expenses? Is this something that has been done before?
Thanks for you advice!
working w/ a broker that is an REO expert can be a double edge sort,
On the one hand, they have 1st pich of the properties from the banks they represent. The down side, is they are then a dual agent, represent the bank and you. I usually am not comfortable w/ dual agent.
The other thing you can do is look at REO auction which where seems to be more and more of.
The catch-22 that I have seen w/ these is the use of reserve auction or a rule that all bid are subject to approval.
So the the bank can reject the highest bid.