buy short sale house that’s already in contingent status?

[jpinpb]

I’ve made offers on short sales w/no word for months. I have an short sale offer that was accepted around Thanksgiving and still no word from bank. I offered asking, which I think was still higher than I think it’s worth. I keep looking and am not holding my breath.

[LA Reader]

I think it all depends on multiple factors. I am in an Escrow on a short sale. It took about 1 1/2 month for banks to accept my offer. But supposedly it was relatively short because the house had already started the short sale process 3 month prior with another offer but Buyer had moved on by the time the Banks were ready to review the offer. So when I submitted my offer it was “ahead of line” of sorts.

Still it was pain. Dealing with both banks’ negotiators were not a fun experience.

I am hearing rumors that Short Sales are getting processed faster. Also, I think with Short Sales, you are not competing against too many “Investors” with all cash. I don’t think they want to tie up their funding for months and months on a deal that might not come through. So that takes a little pressure off the multiple offer situations. And many people don’t want to wait long, so that deters a lot of potential competition.

So i think if you are patient and persistent, short sales is where the deals are at.

[LA Reader]

I think it all depends on multiple factors. I am in an Escrow on a short sale. It took about 1 1/2 month for banks to accept my offer. But supposedly it was relatively short because the house had already started the short sale process 3 month prior with another offer but Buyer had moved on by the time the Banks were ready to review the offer. So when I submitted my offer it was “ahead of line” of sorts.

Still it was pain. Dealing with both banks’ negotiators were not a fun experience.

I am hearing rumors that Short Sales are getting processed faster. Also, I think with Short Sales, you are not competing against too many “Investors” with all cash. I don’t think they want to tie up their funding for months and months on a deal that might not come through. So that takes a little pressure off the multiple offer situations. And many people don’t want to wait long, so that deters a lot of potential competition.

So i think if you are patient and persistent, short sales is where the deals are at.

[LA Reader]

I think it all depends on multiple factors. I am in an Escrow on a short sale. It took about 1 1/2 month for banks to accept my offer. But supposedly it was relatively short because the house had already started the short sale process 3 month prior with another offer but Buyer had moved on by the time the Banks were ready to review the offer. So when I submitted my offer it was “ahead of line” of sorts.

Still it was pain. Dealing with both banks’ negotiators were not a fun experience.

I am hearing rumors that Short Sales are getting processed faster. Also, I think with Short Sales, you are not competing against too many “Investors” with all cash. I don’t think they want to tie up their funding for months and months on a deal that might not come through. So that takes a little pressure off the multiple offer situations. And many people don’t want to wait long, so that deters a lot of potential competition.

So i think if you are patient and persistent, short sales is where the deals are at.

[LA Reader]

I think it all depends on multiple factors. I am in an Escrow on a short sale. It took about 1 1/2 month for banks to accept my offer. But supposedly it was relatively short because the house had already started the short sale process 3 month prior with another offer but Buyer had moved on by the time the Banks were ready to review the offer. So when I submitted my offer it was “ahead of line” of sorts.

Still it was pain. Dealing with both banks’ negotiators were not a fun experience.

I am hearing rumors that Short Sales are getting processed faster. Also, I think with Short Sales, you are not competing against too many “Investors” with all cash. I don’t think they want to tie up their funding for months and months on a deal that might not come through. So that takes a little pressure off the multiple offer situations. And many people don’t want to wait long, so that deters a lot of potential competition.

So i think if you are patient and persistent, short sales is where the deals are at.

[LA Reader]

I think it all depends on multiple factors. I am in an Escrow on a short sale. It took about 1 1/2 month for banks to accept my offer. But supposedly it was relatively short because the house had already started the short sale process 3 month prior with another offer but Buyer had moved on by the time the Banks were ready to review the offer. So when I submitted my offer it was “ahead of line” of sorts.

Still it was pain. Dealing with both banks’ negotiators were not a fun experience.

I am hearing rumors that Short Sales are getting processed faster. Also, I think with Short Sales, you are not competing against too many “Investors” with all cash. I don’t think they want to tie up their funding for months and months on a deal that might not come through. So that takes a little pressure off the multiple offer situations. And many people don’t want to wait long, so that deters a lot of potential competition.

So i think if you are patient and persistent, short sales is where the deals are at.

[jpinpb]

I thought cash offers on short sales moved quicker b/c they didn’t have any contingencies, particularly appraisals and loan qualifications. However, from what I hear, the short sale cash offers are much lower priced compared to list.

[jpinpb]

I thought cash offers on short sales moved quicker b/c they didn’t have any contingencies, particularly appraisals and loan qualifications. However, from what I hear, the short sale cash offers are much lower priced compared to list.

[jpinpb]

I thought cash offers on short sales moved quicker b/c they didn’t have any contingencies, particularly appraisals and loan qualifications. However, from what I hear, the short sale cash offers are much lower priced compared to list.

[jpinpb]

I thought cash offers on short sales moved quicker b/c they didn’t have any contingencies, particularly appraisals and loan qualifications. However, from what I hear, the short sale cash offers are much lower priced compared to list.

[jpinpb]

I thought cash offers on short sales moved quicker b/c they didn’t have any contingencies, particularly appraisals and loan qualifications. However, from what I hear, the short sale cash offers are much lower priced compared to list.

[sdrealtor]

From my experience buyer financing has no impact whatsoever on the short sale approval process. Personally I dont like to accept them. Cash buyers are the Big Dogs on the block and generally wont wait for a short sale approval. As soon as a comparable REO or equity seller comes on the market they are gone.

[sdrealtor]

From my experience buyer financing has no impact whatsoever on the short sale approval process. Personally I dont like to accept them. Cash buyers are the Big Dogs on the block and generally wont wait for a short sale approval. As soon as a comparable REO or equity seller comes on the market they are gone.

[sdrealtor]

From my experience buyer financing has no impact whatsoever on the short sale approval process. Personally I dont like to accept them. Cash buyers are the Big Dogs on the block and generally wont wait for a short sale approval. As soon as a comparable REO or equity seller comes on the market they are gone.

[sdrealtor]

From my experience buyer financing has no impact whatsoever on the short sale approval process. Personally I dont like to accept them. Cash buyers are the Big Dogs on the block and generally wont wait for a short sale approval. As soon as a comparable REO or equity seller comes on the market they are gone.

[Author]

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