Sentences with phrase «short sale offer»

When should you disclose a seller's acceptance of short sale offer?

Banks often are willing to accept short sale offers because it eliminates much of the the ongoing costs associated with the process of foreclosure.

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.

Lenders can also reject short sale offers on your home, causing the deal to fall through.

By and large, most lenders will consider short sale offers.

These are all great reasons to reject short sale offers.

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.

Last week we focused on the myth of the earnest money deposits accompanying short sale offers.

This means the lender has indicated it will consider short sale offers, and has set an acceptable price.

It makes no sense for an owner to accept a low ball short sale offer.

For a complete explanation of why a buyer should complete these tasks up front see reasons to reject short sale offers.

For home owners who are unable to meet their mortgage obligations, NAR has urged lenders and servicers to quickly approve reasonable short sale offers so these people can avoid foreclosure.

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.

For homeowners who are unable to meet their mortgage obligations, NAR has urged lenders and servicers to quickly approve reasonable short sale offers so these people can avoid foreclosure.

When asked what was going on here, the author of HB87, Florida Representative Kathleen Passidomo, opined that this is happening due to banks agreeing to more short sale offers.

Introduced two days ago, on February 26, 2013, this bill is a revamp of prior unsuccessful attempts at passing legislation to put time deadlines on banks to approve (or disapprove) a proposed short sale offer.

The majority of short sale offers made to lenders are not approved by the banks — but having a Florida short sale lawyer on board and not acting independently or with a Realtor as your sole representative can be a big advantage in getting a Florida short sale deal done.

Florida short sale offers can set in bankers» in - boxes for literally months.

They'll learn tips on how to navigate the short sale process, effectively negotiate short sale offers and expedite transactions.

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.

These are all great reasons to reject short sale offers.

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

Even if a short sale offer had previously been «approved», there is a reason that the short sale did not go through.

However, we've been told recently that banks have 2 months now to respond to short sale offers.

Most of my short sale offers have come in at near full price because I price them correctly so haven't had to deal with a low ball offer so far until now.

Bill — These are very good reasons not to accept a short sale offer and something I think many buyers and agents don't understand.

Both buyer's and seller's need to understand that once a short sale offer is submitted to the lender they will be sending out either an appraiser or Real Estate agent to do a broker price opinion (BPO).

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.

A bank may take several months to respond to a short sale offer, so the process can take considerably longer than a traditional purchase.

Finally after my realtor convinced them to do a secondo appraisal they made the buyer come up 3K and accepted the short sale offer.

our short sale offer is going nowhere, we stumbled upon another comperable home in a great location / upscale neighborhood and have put in an offer.

Q3) Again, I am not aware of any State which has statutes limiting the time a lender may take to consider a short sale offer.

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.

Many times the kind of loan Chase has will decide if your short sale offer is accepted or declined.

Advise the borrower of the final decision within 60 days after receipt of a short sale offer and a complete borrower request.

Review and respond to borrower requests for short sales within 30 days after receipt of a short sale offer and a complete borrower request.

Wisconsin court rules that broker / lender did not have a fiduciary duty when he was considering a short sale offer for client's property.

Bill — These are very good reasons not to accept a short sale offer and something I think many buyers and agents don't understand.

Both buyer's and seller's need to understand that once a short sale offer is submitted to the lender they will be sending out either an appraiser or Real Estate agent to do a broker price opinion (BPO).

Most of my short sale offers have come in at near full price because I price them correctly so haven't had to deal with a low ball offer so far until now.