Can I offer less on a foreclosure and do banks cover closing costs?

Tips and Deals Forums Buying Your Home Buying Your Home Can I offer less on a foreclosure and do banks cover closing costs?

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      Anonymous
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      There is a house for sale and it is a foreclosure. We want to offer $ 7000 less than what they have it on the market for. Can we offer less on a foreclosure and could we ask for closing assistance (adding $ 5000 to the amount of the house). Not sure if banks allow this. This is in Cedar Park, Texas.
      I know I can ask – just wondering if it was standard or if banks just don’t do that?

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