[SD Realtor]

Recordsclerk, had your escrow closed the payout to the second lender would have been on the HUD. It would not have been hidden and the first would have known about it when they reviewed the HUD.

As far as secret goes, once more it is all about strategy and working the deal out as it moves forward. Generally you get approval in stages from each entity.

However the bottom line is that all payouts to all parties are going to be on the HUD. All parties will know who got what and when they got those funds. It is presentation and the timing of it that is what is important.

Scarlett remember that the contingency period does not start until after all approvals have been delivered and those are written approvals. So after it is all said and done and you get the approvals and you do your inspections and you are uncomfortable because you will not have enough money left over you simply back out and get your deposit back as long as it is done prior to contingency removal. Remember, approval by the lender is the BEGINNING of the process not the end of it with respect to your own due diligence.

[SD Realtor]

Recordsclerk, had your escrow closed the payout to the second lender would have been on the HUD. It would not have been hidden and the first would have known about it when they reviewed the HUD.

As far as secret goes, once more it is all about strategy and working the deal out as it moves forward. Generally you get approval in stages from each entity.

However the bottom line is that all payouts to all parties are going to be on the HUD. All parties will know who got what and when they got those funds. It is presentation and the timing of it that is what is important.

Scarlett remember that the contingency period does not start until after all approvals have been delivered and those are written approvals. So after it is all said and done and you get the approvals and you do your inspections and you are uncomfortable because you will not have enough money left over you simply back out and get your deposit back as long as it is done prior to contingency removal. Remember, approval by the lender is the BEGINNING of the process not the end of it with respect to your own due diligence.

[SD Realtor]

Recordsclerk, had your escrow closed the payout to the second lender would have been on the HUD. It would not have been hidden and the first would have known about it when they reviewed the HUD.

As far as secret goes, once more it is all about strategy and working the deal out as it moves forward. Generally you get approval in stages from each entity.

However the bottom line is that all payouts to all parties are going to be on the HUD. All parties will know who got what and when they got those funds. It is presentation and the timing of it that is what is important.

Scarlett remember that the contingency period does not start until after all approvals have been delivered and those are written approvals. So after it is all said and done and you get the approvals and you do your inspections and you are uncomfortable because you will not have enough money left over you simply back out and get your deposit back as long as it is done prior to contingency removal. Remember, approval by the lender is the BEGINNING of the process not the end of it with respect to your own due diligence.

[SD Realtor]

Recordsclerk, had your escrow closed the payout to the second lender would have been on the HUD. It would not have been hidden and the first would have known about it when they reviewed the HUD.

As far as secret goes, once more it is all about strategy and working the deal out as it moves forward. Generally you get approval in stages from each entity.

However the bottom line is that all payouts to all parties are going to be on the HUD. All parties will know who got what and when they got those funds. It is presentation and the timing of it that is what is important.

Scarlett remember that the contingency period does not start until after all approvals have been delivered and those are written approvals. So after it is all said and done and you get the approvals and you do your inspections and you are uncomfortable because you will not have enough money left over you simply back out and get your deposit back as long as it is done prior to contingency removal. Remember, approval by the lender is the BEGINNING of the process not the end of it with respect to your own due diligence.

[SD Realtor]

Scarlett alot of those things will crater the deal if they are in writing and are delivered to the lender (the first) regarding the short sale. At the beginning of the process if the first knows you are gonna hold back cash for the second they will not authorize the deal. Having the experience of knowing when to put that into play and when not to is important. Similarly doing things like paying out of pocket expenses for the seller is also something that could be considered in a very negative light by the short selling lender. So can you put them in writing as an addendum? Well yes you can. You can also not deliver them to the short sale lender but again, you walk a fine line at that point. Your agent should also know what to ask and what not to ask in order to get the deal done.

Also there is a familiar theme here which is, many a buyer is frustrated with what is out there and how difficult it is to get something of quality. However when they do have that opportunity but are forced to do things like the previous poster wrote about, many are reticent to do that. So at this point you are frustrated and it is understandable. However it is also hard to predict how you or any buyer would react to undefined parameters and/or paying out of pockets for a short selling homeowner when it is crunch time. Obviously it would depend on how much you wanted the home.

[SD Realtor]

Scarlett alot of those things will crater the deal if they are in writing and are delivered to the lender (the first) regarding the short sale. At the beginning of the process if the first knows you are gonna hold back cash for the second they will not authorize the deal. Having the experience of knowing when to put that into play and when not to is important. Similarly doing things like paying out of pocket expenses for the seller is also something that could be considered in a very negative light by the short selling lender. So can you put them in writing as an addendum? Well yes you can. You can also not deliver them to the short sale lender but again, you walk a fine line at that point. Your agent should also know what to ask and what not to ask in order to get the deal done.

Also there is a familiar theme here which is, many a buyer is frustrated with what is out there and how difficult it is to get something of quality. However when they do have that opportunity but are forced to do things like the previous poster wrote about, many are reticent to do that. So at this point you are frustrated and it is understandable. However it is also hard to predict how you or any buyer would react to undefined parameters and/or paying out of pockets for a short selling homeowner when it is crunch time. Obviously it would depend on how much you wanted the home.

[SD Realtor]

Scarlett alot of those things will crater the deal if they are in writing and are delivered to the lender (the first) regarding the short sale. At the beginning of the process if the first knows you are gonna hold back cash for the second they will not authorize the deal. Having the experience of knowing when to put that into play and when not to is important. Similarly doing things like paying out of pocket expenses for the seller is also something that could be considered in a very negative light by the short selling lender. So can you put them in writing as an addendum? Well yes you can. You can also not deliver them to the short sale lender but again, you walk a fine line at that point. Your agent should also know what to ask and what not to ask in order to get the deal done.

Also there is a familiar theme here which is, many a buyer is frustrated with what is out there and how difficult it is to get something of quality. However when they do have that opportunity but are forced to do things like the previous poster wrote about, many are reticent to do that. So at this point you are frustrated and it is understandable. However it is also hard to predict how you or any buyer would react to undefined parameters and/or paying out of pockets for a short selling homeowner when it is crunch time. Obviously it would depend on how much you wanted the home.

[SD Realtor]

Scarlett alot of those things will crater the deal if they are in writing and are delivered to the lender (the first) regarding the short sale. At the beginning of the process if the first knows you are gonna hold back cash for the second they will not authorize the deal. Having the experience of knowing when to put that into play and when not to is important. Similarly doing things like paying out of pocket expenses for the seller is also something that could be considered in a very negative light by the short selling lender. So can you put them in writing as an addendum? Well yes you can. You can also not deliver them to the short sale lender but again, you walk a fine line at that point. Your agent should also know what to ask and what not to ask in order to get the deal done.

Also there is a familiar theme here which is, many a buyer is frustrated with what is out there and how difficult it is to get something of quality. However when they do have that opportunity but are forced to do things like the previous poster wrote about, many are reticent to do that. So at this point you are frustrated and it is understandable. However it is also hard to predict how you or any buyer would react to undefined parameters and/or paying out of pockets for a short selling homeowner when it is crunch time. Obviously it would depend on how much you wanted the home.

[SD Realtor]

Scarlett alot of those things will crater the deal if they are in writing and are delivered to the lender (the first) regarding the short sale. At the beginning of the process if the first knows you are gonna hold back cash for the second they will not authorize the deal. Having the experience of knowing when to put that into play and when not to is important. Similarly doing things like paying out of pocket expenses for the seller is also something that could be considered in a very negative light by the short selling lender. So can you put them in writing as an addendum? Well yes you can. You can also not deliver them to the short sale lender but again, you walk a fine line at that point. Your agent should also know what to ask and what not to ask in order to get the deal done.

Also there is a familiar theme here which is, many a buyer is frustrated with what is out there and how difficult it is to get something of quality. However when they do have that opportunity but are forced to do things like the previous poster wrote about, many are reticent to do that. So at this point you are frustrated and it is understandable. However it is also hard to predict how you or any buyer would react to undefined parameters and/or paying out of pockets for a short selling homeowner when it is crunch time. Obviously it would depend on how much you wanted the home.

[SD Realtor]

hehehehe –

dont bring him down data…

Actually how you take the rebate will determine how your tax return is affected. If you take the income straight up then yeah it can and should be declared… Basically 1099 income.

However if you take the income inside escrow and use it to cover various closing costs then you will be okay. However do not try to double end it and actually use expense those closing costs that the rebate covered.

[SD Realtor]

hehehehe –

dont bring him down data…

Actually how you take the rebate will determine how your tax return is affected. If you take the income straight up then yeah it can and should be declared… Basically 1099 income.

However if you take the income inside escrow and use it to cover various closing costs then you will be okay. However do not try to double end it and actually use expense those closing costs that the rebate covered.

[SD Realtor]

hehehehe –

dont bring him down data…

Actually how you take the rebate will determine how your tax return is affected. If you take the income straight up then yeah it can and should be declared… Basically 1099 income.

However if you take the income inside escrow and use it to cover various closing costs then you will be okay. However do not try to double end it and actually use expense those closing costs that the rebate covered.

[SD Realtor]

hehehehe –

dont bring him down data…

Actually how you take the rebate will determine how your tax return is affected. If you take the income straight up then yeah it can and should be declared… Basically 1099 income.

However if you take the income inside escrow and use it to cover various closing costs then you will be okay. However do not try to double end it and actually use expense those closing costs that the rebate covered.

[SD Realtor]

hehehehe –

dont bring him down data…

Actually how you take the rebate will determine how your tax return is affected. If you take the income straight up then yeah it can and should be declared… Basically 1099 income.

However if you take the income inside escrow and use it to cover various closing costs then you will be okay. However do not try to double end it and actually use expense those closing costs that the rebate covered.

[SD Realtor]

ocr will pull in more then that. Usually they will not undertake a project unless they can realize a profit above 25%.

[Author]

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