Short Sale Experiences

[Eugene]

Do you have any experience with Recontrust? Is that the same as Countrywide?

I’m looking at a house that fell out of escrow around 2 weeks ago. Would it be unreasonable to expect a positive response on an offer that’s 10% below the previous bid, assuming there are no other offers?

Is 8-12 weeks the total time from the offer to closing?

[SD Realtor]

E no I have not worked with Recon yet. Why did the home fall out of escrow? Was it because Recon did not accept the previous offer or was it because the buyers just bailed?

The 8-12 weeks is to get documented acceptance from the lender, (from offer to getting acceptance). So basically that is to get to the start of escrow.

I do not believe that 10% below asking is unreasonable but it doesn’t matter what I think. It will be up to the Recon negotiator and the valuations he receives from the appraiser and/or the BPO. Try to find out why the previous escrow crashed.

[SD Realtor]

E no I have not worked with Recon yet. Why did the home fall out of escrow? Was it because Recon did not accept the previous offer or was it because the buyers just bailed?

The 8-12 weeks is to get documented acceptance from the lender, (from offer to getting acceptance). So basically that is to get to the start of escrow.

I do not believe that 10% below asking is unreasonable but it doesn’t matter what I think. It will be up to the Recon negotiator and the valuations he receives from the appraiser and/or the BPO. Try to find out why the previous escrow crashed.

[SD Realtor]

E no I have not worked with Recon yet. Why did the home fall out of escrow? Was it because Recon did not accept the previous offer or was it because the buyers just bailed?

The 8-12 weeks is to get documented acceptance from the lender, (from offer to getting acceptance). So basically that is to get to the start of escrow.

I do not believe that 10% below asking is unreasonable but it doesn’t matter what I think. It will be up to the Recon negotiator and the valuations he receives from the appraiser and/or the BPO. Try to find out why the previous escrow crashed.

[SD Realtor]

E no I have not worked with Recon yet. Why did the home fall out of escrow? Was it because Recon did not accept the previous offer or was it because the buyers just bailed?

The 8-12 weeks is to get documented acceptance from the lender, (from offer to getting acceptance). So basically that is to get to the start of escrow.

I do not believe that 10% below asking is unreasonable but it doesn’t matter what I think. It will be up to the Recon negotiator and the valuations he receives from the appraiser and/or the BPO. Try to find out why the previous escrow crashed.

[SD Realtor]

E no I have not worked with Recon yet. Why did the home fall out of escrow? Was it because Recon did not accept the previous offer or was it because the buyers just bailed?

The 8-12 weeks is to get documented acceptance from the lender, (from offer to getting acceptance). So basically that is to get to the start of escrow.

I do not believe that 10% below asking is unreasonable but it doesn’t matter what I think. It will be up to the Recon negotiator and the valuations he receives from the appraiser and/or the BPO. Try to find out why the previous escrow crashed.

[temeculaguy]

It’s not so much the itch as a whole new land of opportunity. Thus far, as soon as I see the words “short sale” I click the back button and move on, figuring the listed price is just a guess and negotiations are too ambiguous. I’ve seen some nice places come up and close for prices i would have paid so I think I may expand my view a little and from what you and sd have said, I have no risk. I either get a great deal or no deal. My freaking dream house went up and down in a day and was a short, my ignorance caused hesitation, now I regret not taking a stab. There’s another little filly I’ve got my eye on, she’s got all I want and more, listing short at under 100 a sq., over 100 dom, so maybe I’ll take a stab, offer 250k for 3000 sq, a view and a three car, and just wait and see (list is within 15%). Flooring, counters and fixtures suck, no patio cover, typical “just barely got it and had no extra cash to finish it” job, but what the hell, low taxes and low hoa, in my beloved redhawk. It goes back to my thread about ranking house, neighborhood, lot, price. It’s got the stuff I can’t change and at that price i can dial her in. She’s a little older and a little plumper, but baby got back and she has potential. The turnkey ones move quick, the ones that need stuff seem to sit. I’ll let her sit another month, see if we take another chunk down and I get to move the chains one more time before kicking a field goal.

[temeculaguy]

It’s not so much the itch as a whole new land of opportunity. Thus far, as soon as I see the words “short sale” I click the back button and move on, figuring the listed price is just a guess and negotiations are too ambiguous. I’ve seen some nice places come up and close for prices i would have paid so I think I may expand my view a little and from what you and sd have said, I have no risk. I either get a great deal or no deal. My freaking dream house went up and down in a day and was a short, my ignorance caused hesitation, now I regret not taking a stab. There’s another little filly I’ve got my eye on, she’s got all I want and more, listing short at under 100 a sq., over 100 dom, so maybe I’ll take a stab, offer 250k for 3000 sq, a view and a three car, and just wait and see (list is within 15%). Flooring, counters and fixtures suck, no patio cover, typical “just barely got it and had no extra cash to finish it” job, but what the hell, low taxes and low hoa, in my beloved redhawk. It goes back to my thread about ranking house, neighborhood, lot, price. It’s got the stuff I can’t change and at that price i can dial her in. She’s a little older and a little plumper, but baby got back and she has potential. The turnkey ones move quick, the ones that need stuff seem to sit. I’ll let her sit another month, see if we take another chunk down and I get to move the chains one more time before kicking a field goal.

[temeculaguy]

It’s not so much the itch as a whole new land of opportunity. Thus far, as soon as I see the words “short sale” I click the back button and move on, figuring the listed price is just a guess and negotiations are too ambiguous. I’ve seen some nice places come up and close for prices i would have paid so I think I may expand my view a little and from what you and sd have said, I have no risk. I either get a great deal or no deal. My freaking dream house went up and down in a day and was a short, my ignorance caused hesitation, now I regret not taking a stab. There’s another little filly I’ve got my eye on, she’s got all I want and more, listing short at under 100 a sq., over 100 dom, so maybe I’ll take a stab, offer 250k for 3000 sq, a view and a three car, and just wait and see (list is within 15%). Flooring, counters and fixtures suck, no patio cover, typical “just barely got it and had no extra cash to finish it” job, but what the hell, low taxes and low hoa, in my beloved redhawk. It goes back to my thread about ranking house, neighborhood, lot, price. It’s got the stuff I can’t change and at that price i can dial her in. She’s a little older and a little plumper, but baby got back and she has potential. The turnkey ones move quick, the ones that need stuff seem to sit. I’ll let her sit another month, see if we take another chunk down and I get to move the chains one more time before kicking a field goal.

[temeculaguy]

It’s not so much the itch as a whole new land of opportunity. Thus far, as soon as I see the words “short sale” I click the back button and move on, figuring the listed price is just a guess and negotiations are too ambiguous. I’ve seen some nice places come up and close for prices i would have paid so I think I may expand my view a little and from what you and sd have said, I have no risk. I either get a great deal or no deal. My freaking dream house went up and down in a day and was a short, my ignorance caused hesitation, now I regret not taking a stab. There’s another little filly I’ve got my eye on, she’s got all I want and more, listing short at under 100 a sq., over 100 dom, so maybe I’ll take a stab, offer 250k for 3000 sq, a view and a three car, and just wait and see (list is within 15%). Flooring, counters and fixtures suck, no patio cover, typical “just barely got it and had no extra cash to finish it” job, but what the hell, low taxes and low hoa, in my beloved redhawk. It goes back to my thread about ranking house, neighborhood, lot, price. It’s got the stuff I can’t change and at that price i can dial her in. She’s a little older and a little plumper, but baby got back and she has potential. The turnkey ones move quick, the ones that need stuff seem to sit. I’ll let her sit another month, see if we take another chunk down and I get to move the chains one more time before kicking a field goal.

[temeculaguy]

It’s not so much the itch as a whole new land of opportunity. Thus far, as soon as I see the words “short sale” I click the back button and move on, figuring the listed price is just a guess and negotiations are too ambiguous. I’ve seen some nice places come up and close for prices i would have paid so I think I may expand my view a little and from what you and sd have said, I have no risk. I either get a great deal or no deal. My freaking dream house went up and down in a day and was a short, my ignorance caused hesitation, now I regret not taking a stab. There’s another little filly I’ve got my eye on, she’s got all I want and more, listing short at under 100 a sq., over 100 dom, so maybe I’ll take a stab, offer 250k for 3000 sq, a view and a three car, and just wait and see (list is within 15%). Flooring, counters and fixtures suck, no patio cover, typical “just barely got it and had no extra cash to finish it” job, but what the hell, low taxes and low hoa, in my beloved redhawk. It goes back to my thread about ranking house, neighborhood, lot, price. It’s got the stuff I can’t change and at that price i can dial her in. She’s a little older and a little plumper, but baby got back and she has potential. The turnkey ones move quick, the ones that need stuff seem to sit. I’ll let her sit another month, see if we take another chunk down and I get to move the chains one more time before kicking a field goal.

[temeculaguy]

Thread hijack alert

I just realized we are ten days from the start of pre season. I thought about it with your comment about the “itch.” I have two weekends left before shutting down for 6 months. In the back of my mind I think that is why I have been getting anxious. I am in a sports doldrum, I will be all better soon. Sunday, August 3rd, the NFL returns to T.V. and I will be cured. I just got rid of the latest love interest as well, unknowingly because I need my Sundays and Mondays free. My god, I have a twelve month male menstruation cycle that revolves around football, I have PNS, Pre Nfl Syndrome.

[temeculaguy]

Thread hijack alert

I just realized we are ten days from the start of pre season. I thought about it with your comment about the “itch.” I have two weekends left before shutting down for 6 months. In the back of my mind I think that is why I have been getting anxious. I am in a sports doldrum, I will be all better soon. Sunday, August 3rd, the NFL returns to T.V. and I will be cured. I just got rid of the latest love interest as well, unknowingly because I need my Sundays and Mondays free. My god, I have a twelve month male menstruation cycle that revolves around football, I have PNS, Pre Nfl Syndrome.

[temeculaguy]

Thread hijack alert

I just realized we are ten days from the start of pre season. I thought about it with your comment about the “itch.” I have two weekends left before shutting down for 6 months. In the back of my mind I think that is why I have been getting anxious. I am in a sports doldrum, I will be all better soon. Sunday, August 3rd, the NFL returns to T.V. and I will be cured. I just got rid of the latest love interest as well, unknowingly because I need my Sundays and Mondays free. My god, I have a twelve month male menstruation cycle that revolves around football, I have PNS, Pre Nfl Syndrome.

[temeculaguy]

Thread hijack alert

I just realized we are ten days from the start of pre season. I thought about it with your comment about the “itch.” I have two weekends left before shutting down for 6 months. In the back of my mind I think that is why I have been getting anxious. I am in a sports doldrum, I will be all better soon. Sunday, August 3rd, the NFL returns to T.V. and I will be cured. I just got rid of the latest love interest as well, unknowingly because I need my Sundays and Mondays free. My god, I have a twelve month male menstruation cycle that revolves around football, I have PNS, Pre Nfl Syndrome.

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