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  • August 5, 2009 at 2:39 PM in reply to: Short Sales #441907
    AK
    Participant

    Not a week goes by that I don’t see multiple old short sale listings pop up as REOs, or relist at higher asking prices after getting kicked back by the bank.

    It’s a bit of a consolation to know that relatively few people actually closed on smoking hot deals earlier this year.

    August 5, 2009 at 2:30 PM in reply to: Definition of a Short Sale? #441128
    AK
    Participant

    [quote=urbanrealtor][quote=AK]Why would it be an easy short sale, UR? Because there’s enough equity to cover the first with a little bit left over for the second? Or for some other reason?[/quote]

    No that’s pretty much why.

    Once you cover 5% of the second, you can be pretty sure that the second will eat the rest.

    In this case they would get more than 10 percent.

    However the listing implies that the seller will show up with funds to close the deal (thus making this analysis largely irrelevant).[/quote]

    Thanks for the info UR!

    I wonder if that’s the secret of the agents who claim 100% success at short sales … knowing which ones to pick!

    August 5, 2009 at 2:30 PM in reply to: Definition of a Short Sale? #441327
    AK
    Participant

    [quote=urbanrealtor][quote=AK]Why would it be an easy short sale, UR? Because there’s enough equity to cover the first with a little bit left over for the second? Or for some other reason?[/quote]

    No that’s pretty much why.

    Once you cover 5% of the second, you can be pretty sure that the second will eat the rest.

    In this case they would get more than 10 percent.

    However the listing implies that the seller will show up with funds to close the deal (thus making this analysis largely irrelevant).[/quote]

    Thanks for the info UR!

    I wonder if that’s the secret of the agents who claim 100% success at short sales … knowing which ones to pick!

    August 5, 2009 at 2:30 PM in reply to: Definition of a Short Sale? #441659
    AK
    Participant

    [quote=urbanrealtor][quote=AK]Why would it be an easy short sale, UR? Because there’s enough equity to cover the first with a little bit left over for the second? Or for some other reason?[/quote]

    No that’s pretty much why.

    Once you cover 5% of the second, you can be pretty sure that the second will eat the rest.

    In this case they would get more than 10 percent.

    However the listing implies that the seller will show up with funds to close the deal (thus making this analysis largely irrelevant).[/quote]

    Thanks for the info UR!

    I wonder if that’s the secret of the agents who claim 100% success at short sales … knowing which ones to pick!

    August 5, 2009 at 2:30 PM in reply to: Definition of a Short Sale? #441730
    AK
    Participant

    [quote=urbanrealtor][quote=AK]Why would it be an easy short sale, UR? Because there’s enough equity to cover the first with a little bit left over for the second? Or for some other reason?[/quote]

    No that’s pretty much why.

    Once you cover 5% of the second, you can be pretty sure that the second will eat the rest.

    In this case they would get more than 10 percent.

    However the listing implies that the seller will show up with funds to close the deal (thus making this analysis largely irrelevant).[/quote]

    Thanks for the info UR!

    I wonder if that’s the secret of the agents who claim 100% success at short sales … knowing which ones to pick!

    August 5, 2009 at 2:30 PM in reply to: Definition of a Short Sale? #441902
    AK
    Participant

    [quote=urbanrealtor][quote=AK]Why would it be an easy short sale, UR? Because there’s enough equity to cover the first with a little bit left over for the second? Or for some other reason?[/quote]

    No that’s pretty much why.

    Once you cover 5% of the second, you can be pretty sure that the second will eat the rest.

    In this case they would get more than 10 percent.

    However the listing implies that the seller will show up with funds to close the deal (thus making this analysis largely irrelevant).[/quote]

    Thanks for the info UR!

    I wonder if that’s the secret of the agents who claim 100% success at short sales … knowing which ones to pick!

    August 4, 2009 at 9:41 PM in reply to: Holy Krap This Mess Is More Tangled Than I Realized! #440813
    AK
    Participant

    If I’ve learned anything in the past few years, it’s that real estate **** is always more complicated than I realized back when I realized it was more complicated than I realized.

    August 4, 2009 at 9:41 PM in reply to: Holy Krap This Mess Is More Tangled Than I Realized! #441012
    AK
    Participant

    If I’ve learned anything in the past few years, it’s that real estate **** is always more complicated than I realized back when I realized it was more complicated than I realized.

    August 4, 2009 at 9:41 PM in reply to: Holy Krap This Mess Is More Tangled Than I Realized! #441345
    AK
    Participant

    If I’ve learned anything in the past few years, it’s that real estate **** is always more complicated than I realized back when I realized it was more complicated than I realized.

    August 4, 2009 at 9:41 PM in reply to: Holy Krap This Mess Is More Tangled Than I Realized! #441415
    AK
    Participant

    If I’ve learned anything in the past few years, it’s that real estate **** is always more complicated than I realized back when I realized it was more complicated than I realized.

    August 4, 2009 at 9:41 PM in reply to: Holy Krap This Mess Is More Tangled Than I Realized! #441587
    AK
    Participant

    If I’ve learned anything in the past few years, it’s that real estate **** is always more complicated than I realized back when I realized it was more complicated than I realized.

    August 4, 2009 at 5:02 PM in reply to: Definition of a Short Sale? #440763
    AK
    Participant

    Why would it be an easy short sale, UR? Because there’s enough equity to cover the first with a little bit left over for the second? Or for some other reason?

    August 4, 2009 at 5:02 PM in reply to: Definition of a Short Sale? #440962
    AK
    Participant

    Why would it be an easy short sale, UR? Because there’s enough equity to cover the first with a little bit left over for the second? Or for some other reason?

    August 4, 2009 at 5:02 PM in reply to: Definition of a Short Sale? #441295
    AK
    Participant

    Why would it be an easy short sale, UR? Because there’s enough equity to cover the first with a little bit left over for the second? Or for some other reason?

    August 4, 2009 at 5:02 PM in reply to: Definition of a Short Sale? #441366
    AK
    Participant

    Why would it be an easy short sale, UR? Because there’s enough equity to cover the first with a little bit left over for the second? Or for some other reason?

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Viewing 15 posts - 1,411 through 1,425 (of 2,475 total)
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