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August 21, 2008 at 9:43 AM #259740August 21, 2008 at 12:31 PM #259533ocrenterParticipant
so in theory it truly was “pending” as in pending with you, JC. so then the real question is why was the listing still active, was she fishing for a bigger fish?
short sales are very tough because everyone involved are in limbo waiting for a pencil pusher at the bank to get to the file at the bottom of his/her inbasket.
August 21, 2008 at 12:31 PM #259726ocrenterParticipantso in theory it truly was “pending” as in pending with you, JC. so then the real question is why was the listing still active, was she fishing for a bigger fish?
short sales are very tough because everyone involved are in limbo waiting for a pencil pusher at the bank to get to the file at the bottom of his/her inbasket.
August 21, 2008 at 12:31 PM #259739ocrenterParticipantso in theory it truly was “pending” as in pending with you, JC. so then the real question is why was the listing still active, was she fishing for a bigger fish?
short sales are very tough because everyone involved are in limbo waiting for a pencil pusher at the bank to get to the file at the bottom of his/her inbasket.
August 21, 2008 at 12:31 PM #259789ocrenterParticipantso in theory it truly was “pending” as in pending with you, JC. so then the real question is why was the listing still active, was she fishing for a bigger fish?
short sales are very tough because everyone involved are in limbo waiting for a pencil pusher at the bank to get to the file at the bottom of his/her inbasket.
August 21, 2008 at 12:31 PM #259829ocrenterParticipantso in theory it truly was “pending” as in pending with you, JC. so then the real question is why was the listing still active, was she fishing for a bigger fish?
short sales are very tough because everyone involved are in limbo waiting for a pencil pusher at the bank to get to the file at the bottom of his/her inbasket.
August 21, 2008 at 3:35 PM #259648EugeneParticipantI just had a weird and illogical experience with a short sale, thought I’d share.
The house was listed for 629k, there was a single loan (Countrywide/BoNY) with the initial balance of 650k. I made an offer of 590k in late July. Last thing I heard was on the 15th: “they have made progress on your offer – now that we know the bank thought $845,000 instead of the $665,000 – so your offer now looks much better!”. (apparently there was some kind of internal miscommunication regarding either the value of the house or the balance on the note, I’m not sure)
Yesterday afternoon the listing was taken off the market, this morning there was a foreclosure auction. The opening bid… 531k!!! Sadly, I did’t have that much cash (lol) and no one else was interested, so it went back to the bank.
I could understand if they wouldn’t sell the house to me because they thought that the house was worth more than what I was offering. But it completely escapes me why they’d let it go to foreclosure with an opening bid of 531k, when they already had an offer for 590k. Even after realtors’ fees, they’d be better off accepting our offer.
I still haven’t heard from our agent, I wonder how he’s going to explain this.
August 21, 2008 at 3:35 PM #259841EugeneParticipantI just had a weird and illogical experience with a short sale, thought I’d share.
The house was listed for 629k, there was a single loan (Countrywide/BoNY) with the initial balance of 650k. I made an offer of 590k in late July. Last thing I heard was on the 15th: “they have made progress on your offer – now that we know the bank thought $845,000 instead of the $665,000 – so your offer now looks much better!”. (apparently there was some kind of internal miscommunication regarding either the value of the house or the balance on the note, I’m not sure)
Yesterday afternoon the listing was taken off the market, this morning there was a foreclosure auction. The opening bid… 531k!!! Sadly, I did’t have that much cash (lol) and no one else was interested, so it went back to the bank.
I could understand if they wouldn’t sell the house to me because they thought that the house was worth more than what I was offering. But it completely escapes me why they’d let it go to foreclosure with an opening bid of 531k, when they already had an offer for 590k. Even after realtors’ fees, they’d be better off accepting our offer.
I still haven’t heard from our agent, I wonder how he’s going to explain this.
August 21, 2008 at 3:35 PM #259855EugeneParticipantI just had a weird and illogical experience with a short sale, thought I’d share.
The house was listed for 629k, there was a single loan (Countrywide/BoNY) with the initial balance of 650k. I made an offer of 590k in late July. Last thing I heard was on the 15th: “they have made progress on your offer – now that we know the bank thought $845,000 instead of the $665,000 – so your offer now looks much better!”. (apparently there was some kind of internal miscommunication regarding either the value of the house or the balance on the note, I’m not sure)
Yesterday afternoon the listing was taken off the market, this morning there was a foreclosure auction. The opening bid… 531k!!! Sadly, I did’t have that much cash (lol) and no one else was interested, so it went back to the bank.
I could understand if they wouldn’t sell the house to me because they thought that the house was worth more than what I was offering. But it completely escapes me why they’d let it go to foreclosure with an opening bid of 531k, when they already had an offer for 590k. Even after realtors’ fees, they’d be better off accepting our offer.
I still haven’t heard from our agent, I wonder how he’s going to explain this.
August 21, 2008 at 3:35 PM #259902EugeneParticipantI just had a weird and illogical experience with a short sale, thought I’d share.
The house was listed for 629k, there was a single loan (Countrywide/BoNY) with the initial balance of 650k. I made an offer of 590k in late July. Last thing I heard was on the 15th: “they have made progress on your offer – now that we know the bank thought $845,000 instead of the $665,000 – so your offer now looks much better!”. (apparently there was some kind of internal miscommunication regarding either the value of the house or the balance on the note, I’m not sure)
Yesterday afternoon the listing was taken off the market, this morning there was a foreclosure auction. The opening bid… 531k!!! Sadly, I did’t have that much cash (lol) and no one else was interested, so it went back to the bank.
I could understand if they wouldn’t sell the house to me because they thought that the house was worth more than what I was offering. But it completely escapes me why they’d let it go to foreclosure with an opening bid of 531k, when they already had an offer for 590k. Even after realtors’ fees, they’d be better off accepting our offer.
I still haven’t heard from our agent, I wonder how he’s going to explain this.
August 21, 2008 at 3:35 PM #259944EugeneParticipantI just had a weird and illogical experience with a short sale, thought I’d share.
The house was listed for 629k, there was a single loan (Countrywide/BoNY) with the initial balance of 650k. I made an offer of 590k in late July. Last thing I heard was on the 15th: “they have made progress on your offer – now that we know the bank thought $845,000 instead of the $665,000 – so your offer now looks much better!”. (apparently there was some kind of internal miscommunication regarding either the value of the house or the balance on the note, I’m not sure)
Yesterday afternoon the listing was taken off the market, this morning there was a foreclosure auction. The opening bid… 531k!!! Sadly, I did’t have that much cash (lol) and no one else was interested, so it went back to the bank.
I could understand if they wouldn’t sell the house to me because they thought that the house was worth more than what I was offering. But it completely escapes me why they’d let it go to foreclosure with an opening bid of 531k, when they already had an offer for 590k. Even after realtors’ fees, they’d be better off accepting our offer.
I still haven’t heard from our agent, I wonder how he’s going to explain this.
August 21, 2008 at 3:58 PM #259697JCParticipantCould someone take pity on me and share how to delete an earlier post? I feel really bad about posting something that wasn’t true.
August 21, 2008 at 3:58 PM #259891JCParticipantCould someone take pity on me and share how to delete an earlier post? I feel really bad about posting something that wasn’t true.
August 21, 2008 at 3:58 PM #259905JCParticipantCould someone take pity on me and share how to delete an earlier post? I feel really bad about posting something that wasn’t true.
August 21, 2008 at 3:58 PM #259951JCParticipantCould someone take pity on me and share how to delete an earlier post? I feel really bad about posting something that wasn’t true.
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