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June 8, 2009 at 5:50 PM #15850June 8, 2009 at 8:00 PM #412509
jpinpb
ParticipantPlease forgive me for asking you something that may not assist you in your post, but I am very curious how you made an offer of 15% less in the spring where properties are going pending everywhere.
If they go short sale, are they going to list it as short sale or just do the short sale w/you?
June 8, 2009 at 8:00 PM #413208jpinpb
ParticipantPlease forgive me for asking you something that may not assist you in your post, but I am very curious how you made an offer of 15% less in the spring where properties are going pending everywhere.
If they go short sale, are they going to list it as short sale or just do the short sale w/you?
June 8, 2009 at 8:00 PM #412747jpinpb
ParticipantPlease forgive me for asking you something that may not assist you in your post, but I am very curious how you made an offer of 15% less in the spring where properties are going pending everywhere.
If they go short sale, are they going to list it as short sale or just do the short sale w/you?
June 8, 2009 at 8:00 PM #413055jpinpb
ParticipantPlease forgive me for asking you something that may not assist you in your post, but I am very curious how you made an offer of 15% less in the spring where properties are going pending everywhere.
If they go short sale, are they going to list it as short sale or just do the short sale w/you?
June 8, 2009 at 8:00 PM #412993jpinpb
ParticipantPlease forgive me for asking you something that may not assist you in your post, but I am very curious how you made an offer of 15% less in the spring where properties are going pending everywhere.
If they go short sale, are they going to list it as short sale or just do the short sale w/you?
June 8, 2009 at 8:14 PM #412524GoUSC
ParticipantBecause their asking price was not based on the market but on what they needed to pay their loan off and brokerage fees.
Regarding the short sale process I am hoping for #2.
June 8, 2009 at 8:14 PM #413223GoUSC
ParticipantBecause their asking price was not based on the market but on what they needed to pay their loan off and brokerage fees.
Regarding the short sale process I am hoping for #2.
June 8, 2009 at 8:14 PM #412762GoUSC
ParticipantBecause their asking price was not based on the market but on what they needed to pay their loan off and brokerage fees.
Regarding the short sale process I am hoping for #2.
June 8, 2009 at 8:14 PM #413069GoUSC
ParticipantBecause their asking price was not based on the market but on what they needed to pay their loan off and brokerage fees.
Regarding the short sale process I am hoping for #2.
June 8, 2009 at 8:14 PM #413007GoUSC
ParticipantBecause their asking price was not based on the market but on what they needed to pay their loan off and brokerage fees.
Regarding the short sale process I am hoping for #2.
June 8, 2009 at 8:27 PM #413011temeculaguy
ParticipantIn order for the bank to approve a short sale, a few things need to happen. The most important one for you is that it needs to be listed to the public at the lower price. The bank wont to a backdoor short, menaing that you and only you have the opportunity to bid at the lower price.
If they do a short, then a BPO (somewhat of an appraisal) is done, a price is determined, it gets listed, offers come in, the highest net offer is selected and then maybe they will take it. But backdoor shorts are somewhat forbidden, if they weren’t, people would sell short to each other or to their friends or just play, let’s trade houses for half price. It would be the swingers equivalent of real estate, except swapping houses instead of wives, actually I think I’m onto something, what if the wife stays with the house, I think I’ve got the next hit reality tv show “the desperate short sale housewives,” It could work, I’ve seen worse.
June 8, 2009 at 8:27 PM #413228temeculaguy
ParticipantIn order for the bank to approve a short sale, a few things need to happen. The most important one for you is that it needs to be listed to the public at the lower price. The bank wont to a backdoor short, menaing that you and only you have the opportunity to bid at the lower price.
If they do a short, then a BPO (somewhat of an appraisal) is done, a price is determined, it gets listed, offers come in, the highest net offer is selected and then maybe they will take it. But backdoor shorts are somewhat forbidden, if they weren’t, people would sell short to each other or to their friends or just play, let’s trade houses for half price. It would be the swingers equivalent of real estate, except swapping houses instead of wives, actually I think I’m onto something, what if the wife stays with the house, I think I’ve got the next hit reality tv show “the desperate short sale housewives,” It could work, I’ve seen worse.
June 8, 2009 at 8:27 PM #413074temeculaguy
ParticipantIn order for the bank to approve a short sale, a few things need to happen. The most important one for you is that it needs to be listed to the public at the lower price. The bank wont to a backdoor short, menaing that you and only you have the opportunity to bid at the lower price.
If they do a short, then a BPO (somewhat of an appraisal) is done, a price is determined, it gets listed, offers come in, the highest net offer is selected and then maybe they will take it. But backdoor shorts are somewhat forbidden, if they weren’t, people would sell short to each other or to their friends or just play, let’s trade houses for half price. It would be the swingers equivalent of real estate, except swapping houses instead of wives, actually I think I’m onto something, what if the wife stays with the house, I think I’ve got the next hit reality tv show “the desperate short sale housewives,” It could work, I’ve seen worse.
June 8, 2009 at 8:27 PM #412767temeculaguy
ParticipantIn order for the bank to approve a short sale, a few things need to happen. The most important one for you is that it needs to be listed to the public at the lower price. The bank wont to a backdoor short, menaing that you and only you have the opportunity to bid at the lower price.
If they do a short, then a BPO (somewhat of an appraisal) is done, a price is determined, it gets listed, offers come in, the highest net offer is selected and then maybe they will take it. But backdoor shorts are somewhat forbidden, if they weren’t, people would sell short to each other or to their friends or just play, let’s trade houses for half price. It would be the swingers equivalent of real estate, except swapping houses instead of wives, actually I think I’m onto something, what if the wife stays with the house, I think I’ve got the next hit reality tv show “the desperate short sale housewives,” It could work, I’ve seen worse.
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