Advice on asking for closing costs on a short sale? Looking to buy my first home and this is certainly my first short sale. We have put forth an offer on a short sale but somebody else put forth a better offer, hours before we did. The first buyer has backed out and removed their offer, after 3 weeks of waiting. Now I am first in line.The details of the house are:-Single loan with us bank (I think it was chase originally)-Sold in 2006 for 256k (I think the house actually sold for 236K but they got a home equity loan when they purchased)-Home is occupied by the owner(not a renter or vacant)-Been on the market since September of 2010 and dropping fast since Dec/Jan 2011-Home is in good condition and we think it will apprise for the list (190k)-The bank hired a negotiatorDetails of me:-Pre approval letter from my credit union-I have a 20% down payment-Standard fixed 30yr w/o points (debating points based on if I can get closing)So the home is listed at 189k, and I offered 187k with 5k closing. I ran an Amortization on a 257k loan with 20% down(maybe too high on the down) and after 4-5 years of payments there should be 193k-190k left on the loan (I'm guessing). I dont want to mess around anymore with counters back and forth and I am pretty sure the bank will counter me for full price and no closing.So the question is...(thank you for being patient) If/when the bank counters, what should my offer look like. Full price with no closing or Full with 1-2k closing? And does it really matter that I have 20% down? Does the short sale lender care at all? I ask because I think its not very common to come in with 20% down.CurtFebruary 16 2011 - Hillsboro0YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.