Chances of buying an REO or short-sale without 20% down?

[Scarlett]

[quote=sdrealtor]HLS, I didnt say a larger down means a stronger buyer, I said it means a perceived stronger buyer. (…)large down payments rule the day. We can verify the money is there via bank statements. A piece of paper from you or any other pre-approval letter is worthless to me unless I have a solid history and experience with you that I can base trust upon. (…)

Scarlet doesnt need to pay more, she needs a good agent. In choosing which buyer to go with, the agent who represents them and how they keep in contact with me through the short sale approval process is the single most important factor to me beyond a fair price and solidly qualified buyer. I never tell a buyer that I represent with a smaller down payment that they have to pay more. I tell them they might get trumped by another buyer with more cash and there is probably little they can do to overcome that and its OK. Make an offer you are comfortable with and stick with it. If not this house, there will be another.[/quote]

That’s what my realtor told me, more or less. Hey, ideally I should have HLS for my loan, and buy one of your (short sale) properties 🙂 I may try to arrange that, when the time comes sdr!

[Scarlett]

SD Realtor, I’ve read some of your other posts about short sales. Very useful to know. I am one of those that think short sales are too much of a pain… but some may be worth pursuing.
[quote=Scarlett][quote=sdrealtor] Hey, ideally I should have HLS for my loan, and buy one of your (short sale) properties 🙂 I may try to arrange that, when the time comes!
[/quote]
And SD realtor as buyer’s agent – wouldn’t that make a nice gathering of Piggs?!

[Scarlett]

SD Realtor, I’ve read some of your other posts about short sales. Very useful to know. I am one of those that think short sales are too much of a pain… but some may be worth pursuing.
[quote=Scarlett][quote=sdrealtor] Hey, ideally I should have HLS for my loan, and buy one of your (short sale) properties 🙂 I may try to arrange that, when the time comes!
[/quote]
And SD realtor as buyer’s agent – wouldn’t that make a nice gathering of Piggs?!

[Scarlett]

SD Realtor, I’ve read some of your other posts about short sales. Very useful to know. I am one of those that think short sales are too much of a pain… but some may be worth pursuing.
[quote=Scarlett][quote=sdrealtor] Hey, ideally I should have HLS for my loan, and buy one of your (short sale) properties 🙂 I may try to arrange that, when the time comes!
[/quote]
And SD realtor as buyer’s agent – wouldn’t that make a nice gathering of Piggs?!

[Scarlett]

SD Realtor, I’ve read some of your other posts about short sales. Very useful to know. I am one of those that think short sales are too much of a pain… but some may be worth pursuing.
[quote=Scarlett][quote=sdrealtor] Hey, ideally I should have HLS for my loan, and buy one of your (short sale) properties 🙂 I may try to arrange that, when the time comes!
[/quote]
And SD realtor as buyer’s agent – wouldn’t that make a nice gathering of Piggs?!

[Scarlett]

SD Realtor, I’ve read some of your other posts about short sales. Very useful to know. I am one of those that think short sales are too much of a pain… but some may be worth pursuing.
[quote=Scarlett][quote=sdrealtor] Hey, ideally I should have HLS for my loan, and buy one of your (short sale) properties 🙂 I may try to arrange that, when the time comes!
[/quote]
And SD realtor as buyer’s agent – wouldn’t that make a nice gathering of Piggs?!

[Author]

Posts