Recently I was negotiating a REO offer as a buyers agent. It is normal that the purchaser would have to purchase the property in as is condition with loan pre-approval. However, this time they indicated that the lender would not allow a home warranty paid by the seller or a credit for a home warranty that the buyer would use to purchase a home warranty. In addition would not allow seller paid gap insurance or a credit to pay for gap insurance.
Has everyone notice these type of practices with reo's they have been negotiating?
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