Short Sales

[murf2222]

Wow……in the span on one thread we’ve seen the “As seen on the internet” character known as sdrealtor go from a pompus braggart, to a meek recluse who wants to keep his anonymity.

Come on now…..we’ve all paid too much for this channel to have you changing your persona in the middle of an episode!

hehe

[kcal09]

I noticed that most accepted offers on short sales are “cash” offers. Does anybody know if funds from a HELOC are considered cash and are banks willing to give a mortgage later on if the owner wants to “refinance”?

[kcal09]

I noticed that most accepted offers on short sales are “cash” offers. Does anybody know if funds from a HELOC are considered cash and are banks willing to give a mortgage later on if the owner wants to “refinance”?

[kcal09]

I noticed that most accepted offers on short sales are “cash” offers. Does anybody know if funds from a HELOC are considered cash and are banks willing to give a mortgage later on if the owner wants to “refinance”?

[kcal09]

I noticed that most accepted offers on short sales are “cash” offers. Does anybody know if funds from a HELOC are considered cash and are banks willing to give a mortgage later on if the owner wants to “refinance”?

[kcal09]

I noticed that most accepted offers on short sales are “cash” offers. Does anybody know if funds from a HELOC are considered cash and are banks willing to give a mortgage later on if the owner wants to “refinance”?

[SD Realtor]

Hi kcal

I don’t see a huge disparity in the way short sales are financed but if you are coming in with cash most lenders authorizing the short sale will want to see proof of funds. So if you have the cash in your account it doesn’t matter how it got there. Lottery, heloc whatever. After the purchase if you want to refi to pull the money back you can but the rate “may” be a bit higher then a purchase loan. Hls can abswer that. How much you can pull out will depend on the lender

[SD Realtor]

Hi kcal

I don’t see a huge disparity in the way short sales are financed but if you are coming in with cash most lenders authorizing the short sale will want to see proof of funds. So if you have the cash in your account it doesn’t matter how it got there. Lottery, heloc whatever. After the purchase if you want to refi to pull the money back you can but the rate “may” be a bit higher then a purchase loan. Hls can abswer that. How much you can pull out will depend on the lender

[SD Realtor]

Hi kcal

I don’t see a huge disparity in the way short sales are financed but if you are coming in with cash most lenders authorizing the short sale will want to see proof of funds. So if you have the cash in your account it doesn’t matter how it got there. Lottery, heloc whatever. After the purchase if you want to refi to pull the money back you can but the rate “may” be a bit higher then a purchase loan. Hls can abswer that. How much you can pull out will depend on the lender

[SD Realtor]

Hi kcal

I don’t see a huge disparity in the way short sales are financed but if you are coming in with cash most lenders authorizing the short sale will want to see proof of funds. So if you have the cash in your account it doesn’t matter how it got there. Lottery, heloc whatever. After the purchase if you want to refi to pull the money back you can but the rate “may” be a bit higher then a purchase loan. Hls can abswer that. How much you can pull out will depend on the lender

[SD Realtor]

Hi kcal

I don’t see a huge disparity in the way short sales are financed but if you are coming in with cash most lenders authorizing the short sale will want to see proof of funds. So if you have the cash in your account it doesn’t matter how it got there. Lottery, heloc whatever. After the purchase if you want to refi to pull the money back you can but the rate “may” be a bit higher then a purchase loan. Hls can abswer that. How much you can pull out will depend on the lender

[bsrsharma]

a brokerage repped both sides.

In fact we are using the same strategy (to make offers on REO). We have no buyers agent and agree to be represented by the sellers agent. We figure he/she will be *very good* to us.

Why not use the system to your advantage instead of complaining about it? We figured this may happen as soon as REO sales started.

[bsrsharma]

a brokerage repped both sides.

In fact we are using the same strategy (to make offers on REO). We have no buyers agent and agree to be represented by the sellers agent. We figure he/she will be *very good* to us.

Why not use the system to your advantage instead of complaining about it? We figured this may happen as soon as REO sales started.

[bsrsharma]

a brokerage repped both sides.

In fact we are using the same strategy (to make offers on REO). We have no buyers agent and agree to be represented by the sellers agent. We figure he/she will be *very good* to us.

Why not use the system to your advantage instead of complaining about it? We figured this may happen as soon as REO sales started.

[bsrsharma]

a brokerage repped both sides.

In fact we are using the same strategy (to make offers on REO). We have no buyers agent and agree to be represented by the sellers agent. We figure he/she will be *very good* to us.

Why not use the system to your advantage instead of complaining about it? We figured this may happen as soon as REO sales started.

[Author]

Posts