Sentences with phrase «accept short sale offers»

However a bank will be less likely to accept a short sale offer for the sale if the offer price is lower than its BPO.

On this webcast, Kimberlee talked about how to influence the BPO or appraisal and how to use repair estimates to convince the bank to accept your short sale offer.

Not exact matches

A short sale is when a bank will accept an offer on a house that is less than what the current owner owes on the property.

A short sale is accomplished when an offer is placed on your property that the lienholder (lender) agrees to accept, but is an amount less than the amount owed on the loan.

In addition, if you're buying a short sale home, low ball offers — offers far below the fair market value — are unlikely to be accepted.

A few days back we converesed about short sale seller accepting a lower offer than our offer.

At the conclusion of such evaluation, the transferee servicer must permit the borrower to accept the short sale option offered by the transferor servicer, even if the transferee servicer does not offer the short sale option, in addition to any loss mitigation options the transferee servicer determines to offer the borrower based upon its own evaluation.

If the offer that you have accepted is not within the ball park of the actual value of the property your short sale is going to be REJECTED!

Accepting low ball short sale offers is just one of many mistakes you will want to avoid!

Accepting a low ball short sale offer certainly wastes a lot of time for the seller and could result in them losing the home to foreclosure depending on where they are in the process.

The problem with short sales is that the real estate agents will accept multiple offers and submit all the offers to the bank.

With a lot of agents in our area not wanting to show «short sale» listings I use this offer to get from the bank what they will really accept and then can market the home with an approved value.

We put an offer in on a short sale, the bank counter and we accpted the counter we are waiting on the bank sign off on the offer we accepted how long do we have to wait.

my husband and i put an offer in on a countrywide short sale in December 07 we just found out that it was forclosed on and they did not accept the short sale.

We had our offer on a short sale home accepted by the seller on Feb. 11 09, so we are 3 weeks into the process.

My husband and I stumbled upon a house in Georgia, It was supposedly foreclosed, but when we made the offer at the beginning of march, we found out CW never actually followed through foreclosure with the previous owner, so after coverting to short sale, the previous owner accepted our offer, but we all know with CW that doesn't mean JACK.

Since the seller always walks away from a short sale with nothing anyway, it really makes no difference for you which offer they accept, only that they accept one and produce the letter in a timely manner.

Now, she's finally writing offers that are getting accepted and has two short sales with Canadian buyers set to close.

That typically happens on a short sale because, they have a buyer lined up, or the buyer may have made the initial contact (as many here do) and the property has to be listed prior to accepting an offer.

While some of the properties are newer on the market the real reason the number of listings increased is mostly from Fannie Mae owned mortgages going through the short sale process being kicked back into the market due to over the market value counter offers regarding what Fannie Mae is willing to accept as a short fall on a short sale.

If your sales price falls within the range of comparable sales, then increasing it a little bit to include a seller concession for closing costs might be the little tweak you need to get your short sale offer accepted.

Short sales are not always easy to close, though, with your lender having the final say on what offer it will and will not accept.

You'll need to find someone to help you work the short sale if you don't know what you are doing and you won't find out if the bank will accept your offer, or if they'll counter until you are working it.

That makes it clear that, regardless of the nature of the accepted offer or type of contingency — short sale, buyer's property sale, or other — the offer must be disclosed to brokers when they seek cooperation.

I started a new short sale, and I have 2 offers out that I expect to get accepted as I was able to basically give the sellers what they were asking for.

With a lot of agents in our area not wanting to show «short sale» listings I use this offer to get from the bank what they will really accept and then can market the home with an approved value.

If the offer that you have accepted is not within the ball park of the actual value of the property your short sale is going to be REJECTED!

For a seller to accept a low ball offer would essentially be gambling away any chance they have for short sale success.

To your other comment about short sales, while they are available they are neither short or easy to negotiate with the banks and often take several months to complete, if they even accept your offer...

Once an offer is accepted by the seller we move into the negotiating stage of the short sale processing.

Short Sales: When Is an Offer «Accepted»?

Even if your MLS doesn't require the listing to be reclassified as «pending» or «under contract» upon acceptance of an offer in a short sale, if a cooperating broker contacts you about showing that listing to a prospect, you're required to disclose the accepted offer.