Menu

Home › Forums › Housing › What are listings in 4S ranch these days

Viewing 15 posts - 31 through 45 (of 91 total)
1 2 3 4 5 6 7
  • Author
    Posts
  • March 23, 2009 at 12:01 AM #372130
    equalizer
    Participant

    [quote=5yearwaiter]So the bottom line is 4S Ranch those listings are not really listings and not selling though the offers made. What might be the reason? perhaps those lenders might be still thinking Housing turn may happens again ???? soon

    [/quote]

    This is a very complex market and think of the big picture. If you are not experienced with real estate and foreclosures and if you purchase by yourself you may be able to save a little money 10K, but end up missing a better opportunity that can be worth 50K.

    I would just contact SD Realtor. He is very familiar with the area and is a smart guy (he is also an engineer).

    March 23, 2009 at 12:08 AM #371522
    SD Realtor
    Participant

    5year that is not the bottom line. The bottom line is that if the listings are short sales, (and most of the ones that are at the lower end of the price range), that many of them already have offers accepted by the seller and that they are being processed by the lender. Thus you should ask you agent to call the listing agent to see if they are still accepting offers. In some cases they may, and in other cases they may not, or they may only accept backup offers.

    Also in cases where a lender does NOT accept a short sale offer what may be the reason? Well, the lender may have received appraisals or brokers property opinions that are much higher then the offer. Thus the lender MAY feel that they would make more money letting the property go to foreclosure and then selling. Alternately the lender MAY feel they will get another offer that is better.

    I don’t think that the lender feels the market is turning anytime soon.

    So the bottom line is yes these are listings, and they are for sale, HOWEVER, I think a fair percentage of them are only available as a backup offer.

    March 23, 2009 at 12:08 AM #371809
    SD Realtor
    Participant

    5year that is not the bottom line. The bottom line is that if the listings are short sales, (and most of the ones that are at the lower end of the price range), that many of them already have offers accepted by the seller and that they are being processed by the lender. Thus you should ask you agent to call the listing agent to see if they are still accepting offers. In some cases they may, and in other cases they may not, or they may only accept backup offers.

    Also in cases where a lender does NOT accept a short sale offer what may be the reason? Well, the lender may have received appraisals or brokers property opinions that are much higher then the offer. Thus the lender MAY feel that they would make more money letting the property go to foreclosure and then selling. Alternately the lender MAY feel they will get another offer that is better.

    I don’t think that the lender feels the market is turning anytime soon.

    So the bottom line is yes these are listings, and they are for sale, HOWEVER, I think a fair percentage of them are only available as a backup offer.

    March 23, 2009 at 12:08 AM #371979
    SD Realtor
    Participant

    5year that is not the bottom line. The bottom line is that if the listings are short sales, (and most of the ones that are at the lower end of the price range), that many of them already have offers accepted by the seller and that they are being processed by the lender. Thus you should ask you agent to call the listing agent to see if they are still accepting offers. In some cases they may, and in other cases they may not, or they may only accept backup offers.

    Also in cases where a lender does NOT accept a short sale offer what may be the reason? Well, the lender may have received appraisals or brokers property opinions that are much higher then the offer. Thus the lender MAY feel that they would make more money letting the property go to foreclosure and then selling. Alternately the lender MAY feel they will get another offer that is better.

    I don’t think that the lender feels the market is turning anytime soon.

    So the bottom line is yes these are listings, and they are for sale, HOWEVER, I think a fair percentage of them are only available as a backup offer.

    March 23, 2009 at 12:08 AM #372023
    SD Realtor
    Participant

    5year that is not the bottom line. The bottom line is that if the listings are short sales, (and most of the ones that are at the lower end of the price range), that many of them already have offers accepted by the seller and that they are being processed by the lender. Thus you should ask you agent to call the listing agent to see if they are still accepting offers. In some cases they may, and in other cases they may not, or they may only accept backup offers.

    Also in cases where a lender does NOT accept a short sale offer what may be the reason? Well, the lender may have received appraisals or brokers property opinions that are much higher then the offer. Thus the lender MAY feel that they would make more money letting the property go to foreclosure and then selling. Alternately the lender MAY feel they will get another offer that is better.

    I don’t think that the lender feels the market is turning anytime soon.

    So the bottom line is yes these are listings, and they are for sale, HOWEVER, I think a fair percentage of them are only available as a backup offer.

    March 23, 2009 at 12:08 AM #372135
    SD Realtor
    Participant

    5year that is not the bottom line. The bottom line is that if the listings are short sales, (and most of the ones that are at the lower end of the price range), that many of them already have offers accepted by the seller and that they are being processed by the lender. Thus you should ask you agent to call the listing agent to see if they are still accepting offers. In some cases they may, and in other cases they may not, or they may only accept backup offers.

    Also in cases where a lender does NOT accept a short sale offer what may be the reason? Well, the lender may have received appraisals or brokers property opinions that are much higher then the offer. Thus the lender MAY feel that they would make more money letting the property go to foreclosure and then selling. Alternately the lender MAY feel they will get another offer that is better.

    I don’t think that the lender feels the market is turning anytime soon.

    So the bottom line is yes these are listings, and they are for sale, HOWEVER, I think a fair percentage of them are only available as a backup offer.

    March 23, 2009 at 9:58 AM #371617
    sunny88
    Participant

    About 4 months ago we submitted an offer for a short sale approximately 10% less than the asking price. The agent told us that one offer was eventually accepted at the asking price. 3 weeks ago we learned that the deal fell through because the seller would have to come up with $20k to cover the difference between the proceeds and his mortgage. 3 people who submitted lower offers previously were not willing to buy the property due to various reasons. I was told that our offer was too low to be considered even though it is only 10% lower than the asking price. Has anybody else seen this before?

    March 23, 2009 at 9:58 AM #371906
    sunny88
    Participant

    About 4 months ago we submitted an offer for a short sale approximately 10% less than the asking price. The agent told us that one offer was eventually accepted at the asking price. 3 weeks ago we learned that the deal fell through because the seller would have to come up with $20k to cover the difference between the proceeds and his mortgage. 3 people who submitted lower offers previously were not willing to buy the property due to various reasons. I was told that our offer was too low to be considered even though it is only 10% lower than the asking price. Has anybody else seen this before?

    March 23, 2009 at 9:58 AM #372077
    sunny88
    Participant

    About 4 months ago we submitted an offer for a short sale approximately 10% less than the asking price. The agent told us that one offer was eventually accepted at the asking price. 3 weeks ago we learned that the deal fell through because the seller would have to come up with $20k to cover the difference between the proceeds and his mortgage. 3 people who submitted lower offers previously were not willing to buy the property due to various reasons. I was told that our offer was too low to be considered even though it is only 10% lower than the asking price. Has anybody else seen this before?

    March 23, 2009 at 9:58 AM #372118
    sunny88
    Participant

    About 4 months ago we submitted an offer for a short sale approximately 10% less than the asking price. The agent told us that one offer was eventually accepted at the asking price. 3 weeks ago we learned that the deal fell through because the seller would have to come up with $20k to cover the difference between the proceeds and his mortgage. 3 people who submitted lower offers previously were not willing to buy the property due to various reasons. I was told that our offer was too low to be considered even though it is only 10% lower than the asking price. Has anybody else seen this before?

    March 23, 2009 at 9:58 AM #372232
    sunny88
    Participant

    About 4 months ago we submitted an offer for a short sale approximately 10% less than the asking price. The agent told us that one offer was eventually accepted at the asking price. 3 weeks ago we learned that the deal fell through because the seller would have to come up with $20k to cover the difference between the proceeds and his mortgage. 3 people who submitted lower offers previously were not willing to buy the property due to various reasons. I was told that our offer was too low to be considered even though it is only 10% lower than the asking price. Has anybody else seen this before?

    March 23, 2009 at 10:51 AM #371647
    Sandiagon
    Participant

    Majority of short sales in 4S are having offers. But banks are not making decisions in time. One of my friend gave offers to six short sale homes in 4s Ranch. As per him banks are willing to foreclose than short sale. As per the bank policies or rules, some or majority of short sale owner are not able to prove hardship, but owner stopped paying mortgage.

    March 23, 2009 at 10:51 AM #371936
    Sandiagon
    Participant

    Majority of short sales in 4S are having offers. But banks are not making decisions in time. One of my friend gave offers to six short sale homes in 4s Ranch. As per him banks are willing to foreclose than short sale. As per the bank policies or rules, some or majority of short sale owner are not able to prove hardship, but owner stopped paying mortgage.

    March 23, 2009 at 10:51 AM #372107
    Sandiagon
    Participant

    Majority of short sales in 4S are having offers. But banks are not making decisions in time. One of my friend gave offers to six short sale homes in 4s Ranch. As per him banks are willing to foreclose than short sale. As per the bank policies or rules, some or majority of short sale owner are not able to prove hardship, but owner stopped paying mortgage.

    March 23, 2009 at 10:51 AM #372148
    Sandiagon
    Participant

    Majority of short sales in 4S are having offers. But banks are not making decisions in time. One of my friend gave offers to six short sale homes in 4s Ranch. As per him banks are willing to foreclose than short sale. As per the bank policies or rules, some or majority of short sale owner are not able to prove hardship, but owner stopped paying mortgage.

  • Author
    Posts
Viewing 15 posts - 31 through 45 (of 91 total)
1 2 3 4 5 6 7
  • You must be logged in to reply to this topic.