BofA has frequently refused to pay for seller concessions, attorney fees, recording fees, title insurance, etc. now that they're on Equator.  These are all fees they paid regularly before switching over to equator.

Can I ask everyone to share what your rules are for what you will, and will not put in the seller's closing costs, in order to get your Equator deals to go through?  It would be nice to see what works and what doesn't.

For instance, They'll only pay 3% with one Realtor involved, and 5% with two.  Your input is very helpful.

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If you bring in your own buyer, get another agent in your office to go down as the "buyer's agent", you should still be able to get them to pay 5-6%

BofA will still pay for: Escrow/Title fees (however they're game to what is standard in your state and what isn't, so if your escrow/title co. is padding fees, you may get a counter offer from BofA)

Bofa will still pay for: HoA transfer fee, recording, wire, county/city transfer tax, termite repairs, termite inspec, natural hazard report. In California I've had them come back to state "we don't pay attorney fees or delinquent HOA dues"
Anyone else?

Emily S. Knell said:
If you bring in your own buyer, get another agent in your office to go down as the "buyer's agent", you should still be able to get them to pay 5-6%

BofA will still pay for: Escrow/Title fees (however they're game to what is standard in your state and what isn't, so if your escrow/title co. is padding fees, you may get a counter offer from BofA)

Bofa will still pay for: HoA transfer fee, recording, wire, county/city transfer tax, termite repairs, termite inspec, natural hazard report. In California I've had them come back to state "we don't pay attorney fees or delinquent HOA dues"
I'm in California. I just submitted one where I am representing buyer & seller, and they agreed to 5% commission. Anouther was just accepted with 6% commission - 2 agents. Sometimes they go 5% with 2 agents. I have never had them deny closing costs to the buyer at 3% or less. I was told due to some California ruling, they will not pay HOA liens in this state. Other states may be different.
I think it depends on the state. They will only pay in Florida, if a conventional sale, normally: doc stamps on the deed, title insurance (NOT search), settlement fee, Realtor fee. If VA required closing costs, they will pay the minimum.

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