Home › Forums › Closed Forums › Buying and Selling RE › Seller balance due on short sale.
- This topic has 15 replies, 4 voices, and was last updated 14 years, 5 months ago by
sdrealtor.
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June 28, 2010 at 3:01 PM #17645June 28, 2010 at 3:30 PM #572846
Diego Mamani
ParticipantEverything is negotiable. You can ask the bank to pay those costs in full, or you can offer to split them in half. Or you can walk away from the deal.
OTOH, who cares? $1k looks like spare change, considering how ridiculously overpriced real estate remains in this area.
June 28, 2010 at 3:30 PM #572942ParticipantEverything is negotiable. You can ask the bank to pay those costs in full, or you can offer to split them in half. Or you can walk away from the deal.
OTOH, who cares? $1k looks like spare change, considering how ridiculously overpriced real estate remains in this area.
June 28, 2010 at 3:30 PM #573454ParticipantEverything is negotiable. You can ask the bank to pay those costs in full, or you can offer to split them in half. Or you can walk away from the deal.
OTOH, who cares? $1k looks like spare change, considering how ridiculously overpriced real estate remains in this area.
June 28, 2010 at 3:30 PM #573558ParticipantEverything is negotiable. You can ask the bank to pay those costs in full, or you can offer to split them in half. Or you can walk away from the deal.
OTOH, who cares? $1k looks like spare change, considering how ridiculously overpriced real estate remains in this area.
June 28, 2010 at 3:30 PM #573854ParticipantEverything is negotiable. You can ask the bank to pay those costs in full, or you can offer to split them in half. Or you can walk away from the deal.
OTOH, who cares? $1k looks like spare change, considering how ridiculously overpriced real estate remains in this area.
June 28, 2010 at 3:55 PM #572865SD Realtor
ParticipantYou should be able to get an accurate estimate. Ask your agent to get the exact deficiencies from the escrow officer. There may be some sort of vagaries but if the issues are only property taxes and HOA payments those are easy to calculate IF you have a target close date. If not then you can estimate for a few different dates.
June 28, 2010 at 3:55 PM #572961ParticipantYou should be able to get an accurate estimate. Ask your agent to get the exact deficiencies from the escrow officer. There may be some sort of vagaries but if the issues are only property taxes and HOA payments those are easy to calculate IF you have a target close date. If not then you can estimate for a few different dates.
June 28, 2010 at 3:55 PM #573473ParticipantYou should be able to get an accurate estimate. Ask your agent to get the exact deficiencies from the escrow officer. There may be some sort of vagaries but if the issues are only property taxes and HOA payments those are easy to calculate IF you have a target close date. If not then you can estimate for a few different dates.
June 28, 2010 at 3:55 PM #573578ParticipantYou should be able to get an accurate estimate. Ask your agent to get the exact deficiencies from the escrow officer. There may be some sort of vagaries but if the issues are only property taxes and HOA payments those are easy to calculate IF you have a target close date. If not then you can estimate for a few different dates.
June 28, 2010 at 3:55 PM #573874ParticipantYou should be able to get an accurate estimate. Ask your agent to get the exact deficiencies from the escrow officer. There may be some sort of vagaries but if the issues are only property taxes and HOA payments those are easy to calculate IF you have a target close date. If not then you can estimate for a few different dates.
June 28, 2010 at 3:59 PM #572870sdrealtor
ParticipantIt can actually be difficult to get an accurate estimate depending upon how far they are behind and whether it is in the hands of a law firm. I had one last year that was 1 and 1/2 years behind. The missed payments were about $1500 but by the time the law firm added all sorts of fees it was over $8000. I negotiated with the law firm to about $5700 but we didnt know how much it would take until closing day.
Hopefully this is not the case and as SD R stated, then it should not be hard to get a reasonably accurate estimate.
June 28, 2010 at 3:59 PM #572966ParticipantIt can actually be difficult to get an accurate estimate depending upon how far they are behind and whether it is in the hands of a law firm. I had one last year that was 1 and 1/2 years behind. The missed payments were about $1500 but by the time the law firm added all sorts of fees it was over $8000. I negotiated with the law firm to about $5700 but we didnt know how much it would take until closing day.
Hopefully this is not the case and as SD R stated, then it should not be hard to get a reasonably accurate estimate.
June 28, 2010 at 3:59 PM #573478ParticipantIt can actually be difficult to get an accurate estimate depending upon how far they are behind and whether it is in the hands of a law firm. I had one last year that was 1 and 1/2 years behind. The missed payments were about $1500 but by the time the law firm added all sorts of fees it was over $8000. I negotiated with the law firm to about $5700 but we didnt know how much it would take until closing day.
Hopefully this is not the case and as SD R stated, then it should not be hard to get a reasonably accurate estimate.
June 28, 2010 at 3:59 PM #573583ParticipantIt can actually be difficult to get an accurate estimate depending upon how far they are behind and whether it is in the hands of a law firm. I had one last year that was 1 and 1/2 years behind. The missed payments were about $1500 but by the time the law firm added all sorts of fees it was over $8000. I negotiated with the law firm to about $5700 but we didnt know how much it would take until closing day.
Hopefully this is not the case and as SD R stated, then it should not be hard to get a reasonably accurate estimate.
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