One offer is pending as of Nov. 14, 2008. Bank Owned Home. SOLD AS IS. 3% of the total purchase price will be credited toward buyer's closing cost. Seller no longer entertain additional 3% toward buyer's down payment. Seller will designate a title company when an offer is accepted.Earnest money has to be at least $1000 or 3% of the total purchase price whichever is greater. LSR and AS IS Addendum are required with an offer.