REO property buying experience

[donaldduckmoore]

The lender seems to have some movement at the turtle speed today, we will see. I have no answers for all your questions. Listing agent is reluctant to speak. She always mentions heavy workload, and be patient that makes me so impatient because I cannot see things in the tank. Maybe I should wait because it won’t hurt. Besides, more and more REOs are coming sooner or later and who cares about how slow they act. Their speed will back fire their profit. If I see another one, I will go for it. That is my strategy now.

[vizcaya]

No need to rush. If time and prices are on your side.

[vizcaya]

No need to rush. If time and prices are on your side.

[vizcaya]

No need to rush. If time and prices are on your side.

[vizcaya]

No need to rush. If time and prices are on your side.

[vizcaya]

No need to rush. If time and prices are on your side.

[donaldduckmoore]

Dear wise men on the board, if a loan program discontinues before the close of escrow because of all the delay by the lender and people who did the paperwork in the middle, can I back out the deal and have my earnest money back?

[donaldduckmoore]

Dear wise men on the board, if a loan program discontinues before the close of escrow because of all the delay by the lender and people who did the paperwork in the middle, can I back out the deal and have my earnest money back?

[donaldduckmoore]

Dear wise men on the board, if a loan program discontinues before the close of escrow because of all the delay by the lender and people who did the paperwork in the middle, can I back out the deal and have my earnest money back?

[donaldduckmoore]

Dear wise men on the board, if a loan program discontinues before the close of escrow because of all the delay by the lender and people who did the paperwork in the middle, can I back out the deal and have my earnest money back?

[donaldduckmoore]

Dear wise men on the board, if a loan program discontinues before the close of escrow because of all the delay by the lender and people who did the paperwork in the middle, can I back out the deal and have my earnest money back?

[farbet]

What about this scenario:
You make and offer on a house on a short sale. The Bank(seller) approves.
Before Close of escrow and within the escrow peiod weeks a few houses(one opposite) same size, same street and within 1/2 mile etc comes on as REO’s and short sales at about 50K-70 K lower.
Will the appraiser pick these up?Is there ,other than walking away, to ask that the price be lowered to match comps ?
appreciate your replies

[farbet]

What about this scenario:
You make and offer on a house on a short sale. The Bank(seller) approves.
Before Close of escrow and within the escrow peiod weeks a few houses(one opposite) same size, same street and within 1/2 mile etc comes on as REO’s and short sales at about 50K-70 K lower.
Will the appraiser pick these up?Is there ,other than walking away, to ask that the price be lowered to match comps ?
appreciate your replies

[farbet]

What about this scenario:
You make and offer on a house on a short sale. The Bank(seller) approves.
Before Close of escrow and within the escrow peiod weeks a few houses(one opposite) same size, same street and within 1/2 mile etc comes on as REO’s and short sales at about 50K-70 K lower.
Will the appraiser pick these up?Is there ,other than walking away, to ask that the price be lowered to match comps ?
appreciate your replies

[farbet]

What about this scenario:
You make and offer on a house on a short sale. The Bank(seller) approves.
Before Close of escrow and within the escrow peiod weeks a few houses(one opposite) same size, same street and within 1/2 mile etc comes on as REO’s and short sales at about 50K-70 K lower.
Will the appraiser pick these up?Is there ,other than walking away, to ask that the price be lowered to match comps ?
appreciate your replies

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