How are closing costs customarily split between the investors and the bank during a closing? Fees may include Doc Stamps, Abstract Title, Title to Close, Recording, and other miscellaneous closing fees. Naturally, I'd like the bank to pay as much of these fees as possible, but also don't wish to ask the bank to pay fees they customarily do not pay. Also, can one ask the bank to pay for building inspections such as a termite inspections?
I plan to wholesale properties and will need double closings. As the wholesaler, which fees should I expect the bank, myself, and the end buyer to pay? Is there a web site or other available documentation that breaks these fees down? Thanks, Dan.