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Bank foreclosure question?

So there is this bank foreclosure for sale 900k (the bank will NOT entertain anything else) but they are offering 250K in incentives... Such as a 45K buyer credit and 205k in upgrades (TBD by buyer) I was talking with the listing agent and they were even considering taking 100k of that 205k and putting it into an "escrow" account... Where each month a certain about would be taken out and applied to the buyers monthly mortgage payment until it was gone (or until the homeowners moved then the rest would be given back to the bank) Does the bank get some kind of tax write off? or are they doing this to make the property look more attractive

Public Comments

1. They are trying to make the property more attractive. Also it is good to keep in mind that banks are regulated not to sell/list the property for certain price range. This will help to keep up the value of homes in different location of town. Happy holidays. :-)
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