patrick.net

Akki says

But Real Estate agent told that he can get the house for $350K but ask to pay about $20-25K in cash (apart from the down payment and closing cost) that will not be covered by mortgage. Anyone know why they do like that. Is something like this can happen ?

Please be more specific. Are you saying that they asked for a fee of $20-25K in addition to $350K for the house? Are you saying that this amount is not included in their realtor fee? (i.e. they're asking for a bribe, essentially, to get you a better deal?) Whose agent is this agent? The listing agent? Is the property bank owned? We need a lot more facts than you have given us.

I smell a rat.

Probably u are talking about a short sale and the listing agent wants commission to be paid by you ( 3500 * 6 = 21k). I am just guessing

20-25K is on top of $350K. If it is bank owned then I can understand what they are trying to do.

It sounds like they are trying to get either a) the commission paid by you in cash, as opposed to rolled into the mortgage, b) the commission paid by you as opposed to the bankster.
I think we still need more specifics here.