Seller balance due on short sale.

[dvazriel]

Apparently the seller of this short sale has an outsanding balance due (HOA, Taxes, etc ) that the bank is not willing to absorb, hence they want to past it to me as a closing cost.

According to my agent, its around 1k, but wasn’t sure of the exact amount until close to closing of escrow? Is it normal that we can find figure out how much balance due is? Because i don’t want to get screwed.

[Diego Mamani]

Everything is negotiable. You can ask the bank to pay those costs in full, or you can offer to split them in half. Or you can walk away from the deal.

OTOH, who cares? $1k looks like spare change, considering how ridiculously overpriced real estate remains in this area.

[Diego Mamani]

Everything is negotiable. You can ask the bank to pay those costs in full, or you can offer to split them in half. Or you can walk away from the deal.

OTOH, who cares? $1k looks like spare change, considering how ridiculously overpriced real estate remains in this area.

[Diego Mamani]

Everything is negotiable. You can ask the bank to pay those costs in full, or you can offer to split them in half. Or you can walk away from the deal.

OTOH, who cares? $1k looks like spare change, considering how ridiculously overpriced real estate remains in this area.

[Diego Mamani]

Everything is negotiable. You can ask the bank to pay those costs in full, or you can offer to split them in half. Or you can walk away from the deal.

OTOH, who cares? $1k looks like spare change, considering how ridiculously overpriced real estate remains in this area.

[Diego Mamani]

Everything is negotiable. You can ask the bank to pay those costs in full, or you can offer to split them in half. Or you can walk away from the deal.

OTOH, who cares? $1k looks like spare change, considering how ridiculously overpriced real estate remains in this area.

[SD Realtor]

You should be able to get an accurate estimate. Ask your agent to get the exact deficiencies from the escrow officer. There may be some sort of vagaries but if the issues are only property taxes and HOA payments those are easy to calculate IF you have a target close date. If not then you can estimate for a few different dates.

[SD Realtor]

You should be able to get an accurate estimate. Ask your agent to get the exact deficiencies from the escrow officer. There may be some sort of vagaries but if the issues are only property taxes and HOA payments those are easy to calculate IF you have a target close date. If not then you can estimate for a few different dates.

[SD Realtor]

You should be able to get an accurate estimate. Ask your agent to get the exact deficiencies from the escrow officer. There may be some sort of vagaries but if the issues are only property taxes and HOA payments those are easy to calculate IF you have a target close date. If not then you can estimate for a few different dates.

[SD Realtor]

You should be able to get an accurate estimate. Ask your agent to get the exact deficiencies from the escrow officer. There may be some sort of vagaries but if the issues are only property taxes and HOA payments those are easy to calculate IF you have a target close date. If not then you can estimate for a few different dates.

[SD Realtor]

You should be able to get an accurate estimate. Ask your agent to get the exact deficiencies from the escrow officer. There may be some sort of vagaries but if the issues are only property taxes and HOA payments those are easy to calculate IF you have a target close date. If not then you can estimate for a few different dates.

[sdrealtor]

It can actually be difficult to get an accurate estimate depending upon how far they are behind and whether it is in the hands of a law firm. I had one last year that was 1 and 1/2 years behind. The missed payments were about $1500 but by the time the law firm added all sorts of fees it was over $8000. I negotiated with the law firm to about $5700 but we didnt know how much it would take until closing day.

Hopefully this is not the case and as SD R stated, then it should not be hard to get a reasonably accurate estimate.

[sdrealtor]

It can actually be difficult to get an accurate estimate depending upon how far they are behind and whether it is in the hands of a law firm. I had one last year that was 1 and 1/2 years behind. The missed payments were about $1500 but by the time the law firm added all sorts of fees it was over $8000. I negotiated with the law firm to about $5700 but we didnt know how much it would take until closing day.

Hopefully this is not the case and as SD R stated, then it should not be hard to get a reasonably accurate estimate.

[sdrealtor]

It can actually be difficult to get an accurate estimate depending upon how far they are behind and whether it is in the hands of a law firm. I had one last year that was 1 and 1/2 years behind. The missed payments were about $1500 but by the time the law firm added all sorts of fees it was over $8000. I negotiated with the law firm to about $5700 but we didnt know how much it would take until closing day.

Hopefully this is not the case and as SD R stated, then it should not be hard to get a reasonably accurate estimate.

[sdrealtor]

It can actually be difficult to get an accurate estimate depending upon how far they are behind and whether it is in the hands of a law firm. I had one last year that was 1 and 1/2 years behind. The missed payments were about $1500 but by the time the law firm added all sorts of fees it was over $8000. I negotiated with the law firm to about $5700 but we didnt know how much it would take until closing day.

Hopefully this is not the case and as SD R stated, then it should not be hard to get a reasonably accurate estimate.

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