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JCParticipant
First, thank you all so much for the great input.
Second, I was hoping to get some feedback on a potentially stupid question.
When attempting to purchase a REO, do you think the lender would look more favorably on a downpayment of 25%? Would that difference be too small to matter and/or is their primary focus solely on the purchase price?
Sorry for the very basic question, but I’m new to all of this…
JCParticipantFirst, thank you all so much for the great input.
Second, I was hoping to get some feedback on a potentially stupid question.
When attempting to purchase a REO, do you think the lender would look more favorably on a downpayment of 25%? Would that difference be too small to matter and/or is their primary focus solely on the purchase price?
Sorry for the very basic question, but I’m new to all of this…
JCParticipantFirst, thank you all so much for the great input.
Second, I was hoping to get some feedback on a potentially stupid question.
When attempting to purchase a REO, do you think the lender would look more favorably on a downpayment of 25%? Would that difference be too small to matter and/or is their primary focus solely on the purchase price?
Sorry for the very basic question, but I’m new to all of this…
JCParticipantFirst, thank you all so much for the great input.
Second, I was hoping to get some feedback on a potentially stupid question.
When attempting to purchase a REO, do you think the lender would look more favorably on a downpayment of 25%? Would that difference be too small to matter and/or is their primary focus solely on the purchase price?
Sorry for the very basic question, but I’m new to all of this…
JCParticipantblindingly stylish??
JCParticipantblindingly stylish??
JCParticipantblindingly stylish??
JCParticipantblindingly stylish??
JCParticipantblindingly stylish??
JCParticipantPatientlywaiting, thanks for pulling up JWM’s post. May I ask an opinion? Would you still think this was the wrong time to buy if one could get something at a 2001 price and it was at an affordability level for a person that they could still save a decent amount? Also, if the 2001 amount was at the current rental amount in that particular area? (I do realize rents could come down in the future).
Also, does anyone know anything about OC Scam’s comment about realtors not getting thier commission on REOs? As I mentioned, I have an awesome realtor and I don’t want this to happen to them. Is this something to address directly with one’s realtor?
Thank you!
JCParticipantPatientlywaiting, thanks for pulling up JWM’s post. May I ask an opinion? Would you still think this was the wrong time to buy if one could get something at a 2001 price and it was at an affordability level for a person that they could still save a decent amount? Also, if the 2001 amount was at the current rental amount in that particular area? (I do realize rents could come down in the future).
Also, does anyone know anything about OC Scam’s comment about realtors not getting thier commission on REOs? As I mentioned, I have an awesome realtor and I don’t want this to happen to them. Is this something to address directly with one’s realtor?
Thank you!
JCParticipantPatientlywaiting, thanks for pulling up JWM’s post. May I ask an opinion? Would you still think this was the wrong time to buy if one could get something at a 2001 price and it was at an affordability level for a person that they could still save a decent amount? Also, if the 2001 amount was at the current rental amount in that particular area? (I do realize rents could come down in the future).
Also, does anyone know anything about OC Scam’s comment about realtors not getting thier commission on REOs? As I mentioned, I have an awesome realtor and I don’t want this to happen to them. Is this something to address directly with one’s realtor?
Thank you!
JCParticipantPatientlywaiting, thanks for pulling up JWM’s post. May I ask an opinion? Would you still think this was the wrong time to buy if one could get something at a 2001 price and it was at an affordability level for a person that they could still save a decent amount? Also, if the 2001 amount was at the current rental amount in that particular area? (I do realize rents could come down in the future).
Also, does anyone know anything about OC Scam’s comment about realtors not getting thier commission on REOs? As I mentioned, I have an awesome realtor and I don’t want this to happen to them. Is this something to address directly with one’s realtor?
Thank you!
JCParticipantPatientlywaiting, thanks for pulling up JWM’s post. May I ask an opinion? Would you still think this was the wrong time to buy if one could get something at a 2001 price and it was at an affordability level for a person that they could still save a decent amount? Also, if the 2001 amount was at the current rental amount in that particular area? (I do realize rents could come down in the future).
Also, does anyone know anything about OC Scam’s comment about realtors not getting thier commission on REOs? As I mentioned, I have an awesome realtor and I don’t want this to happen to them. Is this something to address directly with one’s realtor?
Thank you!
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