Posts Tagged ‘should’
June 2nd, 2010 | 
Author: Question by Radman: What should I know about buying a “short sale” house?
I understand there is no warranty and the buyer has to pay all the closing costs. Can I offer lower than the short sale listing price?
Best answer:
Answer by patrick
You can always offer less than asking. in addition, if you are using a real estate agent, you need to make sure the commission costs are included in the purchase price.
Be prepared for a long process. Bank owned property sales move at a snail’s pace. Often, the bank cant find the deed, because the mortgage has been sold so many times, so it would be prudent to ask if the bank has possession of the deed early in the process.
Know better? Leave your own answer in the comments!
Product Description
A National Epidemic Is Looming. Are You Ready?
Are you stressed out about mortgage payments? Do
you think your only option is a foreclosure? Is a short sale right for you? Millions and millions of
homeowners are asking themselves the same questions. It is projected that over 20,000,000
homeowners will have negative equity in their homes in the very near future. In other words, they will owemore on their homes than they are worth. Over 2.9 million hom… More >>
Product Description
Are you stressed out about mortgage payments? Do you think your only option is a foreclosure? Is a short sale right for you? Millions and millions of homeowners are asking themselves the same questions. Its projected that over 20,000,000 home owners will have negative equity in their homes. In other words they will own more on their homes than they are worth. Over 2.9 million homes have foreclosed in the last three years and the number is only expected to grow. Expe… More >>
Should I Short Sale My Home – How to Survive the Worst Real Estate Market in History
Product Description
A guide for distressed homeowners, this book explains the Options, Time line and Strategies that a homeowner should consider when facing foreclosure…. More >>
Should I Short Sale My Home?: Homeowners Guide To Survive The Worst Real Estate Market In History
My husband and I just put in an offer for a house that is a short sale. The seller approved, and today the realtor sent the paperwork to Countrywide for them to approve it. I heard it can take months for them to respond, but the house already has an appraisal on file at Countrywide and I was told that Countrywide just recently got a short sale “department” to speed up the process. Anyone have any idea or estimate of how long we will be waiting for a response?
Posted in Questions and Answers | 
Tags: approval, Bank, expect, long, Sale, Short, should, wait | 
5 Comments »
I live in central NJ with still high real estate market, but plenty of foreclosure and short sale.
There is a house listed for 509k in short sale. It seems to be in good condition in a nice area. So I was wondering how low offer should I put on this house?
Product Description
A guide for distressed homeowners, this book explains the Options, Time line and Strategies that a homeowner should consider when facing foreclosure…. More >>
Should I Short Sale My Home?: Homeowners Guide To Survive The Worst Real Estate Market In History
Product Description
Behind in your mortgage payments? Do you owe more than your house is worth? This book will answer all of your questions! All State Laws are included in this 246 page book! This is a real book. No machines needed to read this book!… More >>
Posted in Suggested Reading |
Tags: Facts, Foreclosure, Guide, Home, Homeowner's, Myths, Sale, Sales, Secrets, Short, should |
1 Comment »