Home › Forums › Closed Forums › Properties or Areas › Another “not fraudulent” short sale listing?
- This topic has 105 replies, 11 voices, and was last updated 12 years, 11 months ago by
urbanrealtor.
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May 10, 2011 at 4:36 AM #18794May 10, 2011 at 7:02 AM #694048
ocrenter
Participantgood catch. there’s another short sale just slightly bigger down the same street asking for $200k more at $850k-899k.
the lowest over 4000 sqft closings in the zipcode is still above $800k. this one is as fishy as they come…
May 10, 2011 at 7:02 AM #694129Participantgood catch. there’s another short sale just slightly bigger down the same street asking for $200k more at $850k-899k.
the lowest over 4000 sqft closings in the zipcode is still above $800k. this one is as fishy as they come…
May 10, 2011 at 7:02 AM #694735Participantgood catch. there’s another short sale just slightly bigger down the same street asking for $200k more at $850k-899k.
the lowest over 4000 sqft closings in the zipcode is still above $800k. this one is as fishy as they come…
May 10, 2011 at 7:02 AM #694882Participantgood catch. there’s another short sale just slightly bigger down the same street asking for $200k more at $850k-899k.
the lowest over 4000 sqft closings in the zipcode is still above $800k. this one is as fishy as they come…
May 10, 2011 at 7:02 AM #695236Participantgood catch. there’s another short sale just slightly bigger down the same street asking for $200k more at $850k-899k.
the lowest over 4000 sqft closings in the zipcode is still above $800k. this one is as fishy as they come…
May 10, 2011 at 7:24 AM #694052jpinpb
ParticipantExpect it to be flipped down the road 🙁
May 10, 2011 at 7:24 AM #694134ParticipantExpect it to be flipped down the road 🙁
May 10, 2011 at 7:24 AM #694740ParticipantExpect it to be flipped down the road 🙁
May 10, 2011 at 7:24 AM #694887ParticipantExpect it to be flipped down the road 🙁
May 10, 2011 at 7:24 AM #695241ParticipantExpect it to be flipped down the road 🙁
May 10, 2011 at 7:43 AM #694062UCGal
ParticipantCurrent underwater owners have a NOT filed against them. It was filed in Jan. The NOD was last August. But they didn’t list the house till May.
I suspect this SS attempt is really an attempt to forestall the inevitable foreclosure.
It’s marked contingent – but that doesn’t mean the bank accepted it. They can *offer* a short sale price of anything they want… getting it approved is a whole ‘nuther thing.
Let’s say I owe $1M on my house… And let’s say the house is worth $600k. I can list my house for $200k, as a short sale, if I want and can find a willing realtor… But getting the bank to accept it is not realistic.
It’s the reverse of the wishing price sellers… Same house and I list it for $2M, even though it’s only worth $600k. I *can* list it for that. I won’t be able to *sell* it for that.
I don’t think there’s overt fraud… I think this is either a seller without a clue or a seller who is hoping to delay foreclosure.
May 10, 2011 at 7:43 AM #694144ParticipantCurrent underwater owners have a NOT filed against them. It was filed in Jan. The NOD was last August. But they didn’t list the house till May.
I suspect this SS attempt is really an attempt to forestall the inevitable foreclosure.
It’s marked contingent – but that doesn’t mean the bank accepted it. They can *offer* a short sale price of anything they want… getting it approved is a whole ‘nuther thing.
Let’s say I owe $1M on my house… And let’s say the house is worth $600k. I can list my house for $200k, as a short sale, if I want and can find a willing realtor… But getting the bank to accept it is not realistic.
It’s the reverse of the wishing price sellers… Same house and I list it for $2M, even though it’s only worth $600k. I *can* list it for that. I won’t be able to *sell* it for that.
I don’t think there’s overt fraud… I think this is either a seller without a clue or a seller who is hoping to delay foreclosure.
May 10, 2011 at 7:43 AM #694750ParticipantCurrent underwater owners have a NOT filed against them. It was filed in Jan. The NOD was last August. But they didn’t list the house till May.
I suspect this SS attempt is really an attempt to forestall the inevitable foreclosure.
It’s marked contingent – but that doesn’t mean the bank accepted it. They can *offer* a short sale price of anything they want… getting it approved is a whole ‘nuther thing.
Let’s say I owe $1M on my house… And let’s say the house is worth $600k. I can list my house for $200k, as a short sale, if I want and can find a willing realtor… But getting the bank to accept it is not realistic.
It’s the reverse of the wishing price sellers… Same house and I list it for $2M, even though it’s only worth $600k. I *can* list it for that. I won’t be able to *sell* it for that.
I don’t think there’s overt fraud… I think this is either a seller without a clue or a seller who is hoping to delay foreclosure.
May 10, 2011 at 7:43 AM #694897ParticipantCurrent underwater owners have a NOT filed against them. It was filed in Jan. The NOD was last August. But they didn’t list the house till May.
I suspect this SS attempt is really an attempt to forestall the inevitable foreclosure.
It’s marked contingent – but that doesn’t mean the bank accepted it. They can *offer* a short sale price of anything they want… getting it approved is a whole ‘nuther thing.
Let’s say I owe $1M on my house… And let’s say the house is worth $600k. I can list my house for $200k, as a short sale, if I want and can find a willing realtor… But getting the bank to accept it is not realistic.
It’s the reverse of the wishing price sellers… Same house and I list it for $2M, even though it’s only worth $600k. I *can* list it for that. I won’t be able to *sell* it for that.
I don’t think there’s overt fraud… I think this is either a seller without a clue or a seller who is hoping to delay foreclosure.
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