Even
if a short sale offer had previously been «approved», there is a reason that the short sale did not go through.
Not exact matches
If you can buy a ninety - nine - cent ebook any time, a print book should be a
short -
offer, limited edition type
sale.
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.
If you are not familiar with
short sales the vast majority of them are NOT approved by the lender prior to a buyer making an
offer on one.
If you submit a
short sale offer to a mortgage lender that you know is reasonable, it can be discouraging to get a high counter
offer back.
Leroy seller financing is always a great alternative after going through a
short sale if you can find a seller who will
offer that!
I've actually been on both ends of the
short sale process and find myself in this situation again and was wondering
if you could
offer some insight.
Asking to take over the
short sale because you are an investor ~ Sorry my friend
if you are an investor please feel free to make a realistic
offer but don't think you are going to take over the negotiations with the lender.
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.
If you're in the world of real estate, it's no secret that
short sale homes can
offer the buyer a deal - of - the - century.
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!
If there is no valid
offer on the property in Nationstar's system, Nationstar may initiate an Assisted
Short Sale auction, where interested buyers register online and the highest bidder wins.
When people call me asking
if a
short sale will solve their problems my first question is: Do you have a buyer who has made an
offer in writing?
If you are using Zillow to judge the strenght of your
short sale offer then you may be misguided.
I would guess
if your buyer is a strong candidate they may take a look at the
short sale offer.
We did submit an earnest deposit with the
offer but also had a «
short sale addendum» in our
offer package that releases us from the contract
if time lines aren't met or
if it is not approved.
Bill - I recently asked an agent
if they had a completed
short sale package ready to go with an
offer they asked me what that was!!!
If you think
short sales are an open invitation for you to
offer some ridiculous price then you are wrong.
Also,
if you are writing
offers on any REO or
short sales, those lenders will NOT let you take a commission AND be the Buyer.
A person or company
offering short sales / loan modifications in Oregon may legally do so with: 1) A debt management company registration; 2) A mortgage loan originator license; or 3) A real estate broker license
if they do NOT charge any special fees related to
short sales.
Without language in the contract stating that the lenders must approve the
offer and release all liens on the property, the seller may face a legal problem for failing to execute the contract
if the
short sale is not approved, says Hollingsworth.
Cash is King and there are many reasons why having an ALL CASH buyer or
if you are the buyer, an ALL CASH
offer on a
short sale listing in Wellington Florida.
If you want to make an
offer on a Wellington
short sale or sell your Wellington home as a
short sale contact Nestor Gasset and Katerina Gasset at 561-753-0135.
Also,
if you are a buyer in Virginia, and you are considering whether to make an
offer on a property that will require a
short sale, you will also enjoy a much smoother and more predictable process from contract to closing
if you choose a
short sale property which sets forth in the listing that an experienced
short sale attorney is handling the
short sale for the seller.
I think this is a red flag for a number of reasons, but I wonder
if it can actually be helpful in submitting an
offer on a
short sale.
Low ball
short sale offer ~
If you think a
short sale is an automatic invitation to submit a ridiculous
offer to the seller you might as well not even bother.
I've actually been on both ends of the
short sale process and find myself in this situation again and was wondering
if you could
offer some insight.
Tip: To save yourself from the hassle of going through a Loxahatchee
short sale just to find out that you aren't qualified for a home loan, make sure to get a prequalification and preapproval from the lender to determine
if you are qualified for a loan before you make an
offer for a
short sale.
Cash
offers over list price are not desirable for a
short sale, however, because
if the buyer walks, the bank's expectation has already been established.
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.
If you need a Minnesota
short sale expert or you are thinking about a Mn
short sale and do not know what to do, the site
offer tips on the
short sale and foreclosure process,
short sales in Minneapolis, mls
short sales,
short sale mortgage information and the most current up to date
short sale 2009 information.
To get the bank to approve the
short sale and to lessen the deficiency
if any, sellers generally want the highest price
offer.
Both Chase and Wells Fargo, according to the news story, are
offering between $ 10,000 and $ 20,000 to their borrowers, those borrowers who are having trouble making their mortgage payments,
if they
short sale their home.
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.
I saw a couple
short sales and REOs and with those, I told the listing agent that
if I was to put an
offer on the house, I would use them to do so and they would earn both sides of the commission.
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!
While any seller can entertain backup
offers as a precautionary measure as long as this is made clear in the contract, this term most often crops up with
short sales, since they can often fall through, and it can be helpful
if a second buyer is waiting in the wings.
If you are not able to wait, you should not make
offers on Florida
short sales.
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...
The current points program can be a really good deal
if you redeem points when Southwest is
offering a
short - haul blowout
sale.
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.