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SD Realtor
ParticipantCome on CAR you cannot be serious. You start sliding down a slippery slope when you start making restrictions like that.
Mojo I guess it depends on the market conditions…
ParticipantCome on CAR you cannot be serious. You start sliding down a slippery slope when you start making restrictions like that.
Mojo I guess it depends on the market conditions…
ParticipantCome on CAR you cannot be serious. You start sliding down a slippery slope when you start making restrictions like that.
Mojo I guess it depends on the market conditions…
ParticipantOh those evil foreigners. How dare they take advantage of our depleted currency. What should we do, bar foreigners from purchasing real estate? Should we blame them because our govt, fed and treasury have are inept?
Really?
ParticipantOh those evil foreigners. How dare they take advantage of our depleted currency. What should we do, bar foreigners from purchasing real estate? Should we blame them because our govt, fed and treasury have are inept?
Really?
ParticipantOh those evil foreigners. How dare they take advantage of our depleted currency. What should we do, bar foreigners from purchasing real estate? Should we blame them because our govt, fed and treasury have are inept?
Really?
ParticipantOh those evil foreigners. How dare they take advantage of our depleted currency. What should we do, bar foreigners from purchasing real estate? Should we blame them because our govt, fed and treasury have are inept?
Really?
ParticipantOh those evil foreigners. How dare they take advantage of our depleted currency. What should we do, bar foreigners from purchasing real estate? Should we blame them because our govt, fed and treasury have are inept?
Really?
Participantocr you still have the contingency period to back out if you want. Also if the property has sustained substantially more damage then when your client submitted the original offer then you have valid recourse to submit an addendum to lower the price, get credit for repairs, or simply walk. If these damages happened without your knowledge then you cannot be expected to eat the cost. The short sale lender may not see it that way but the listing agent would either relist at a reduced price or try to sell it at the same price with little or no luck. So the listing agent would probably try to explain the situation to the negotiator. Whether the negotiator could convince the investors to accept the reduced price is the real question.
Participantocr you still have the contingency period to back out if you want. Also if the property has sustained substantially more damage then when your client submitted the original offer then you have valid recourse to submit an addendum to lower the price, get credit for repairs, or simply walk. If these damages happened without your knowledge then you cannot be expected to eat the cost. The short sale lender may not see it that way but the listing agent would either relist at a reduced price or try to sell it at the same price with little or no luck. So the listing agent would probably try to explain the situation to the negotiator. Whether the negotiator could convince the investors to accept the reduced price is the real question.
Participantocr you still have the contingency period to back out if you want. Also if the property has sustained substantially more damage then when your client submitted the original offer then you have valid recourse to submit an addendum to lower the price, get credit for repairs, or simply walk. If these damages happened without your knowledge then you cannot be expected to eat the cost. The short sale lender may not see it that way but the listing agent would either relist at a reduced price or try to sell it at the same price with little or no luck. So the listing agent would probably try to explain the situation to the negotiator. Whether the negotiator could convince the investors to accept the reduced price is the real question.
Participantocr you still have the contingency period to back out if you want. Also if the property has sustained substantially more damage then when your client submitted the original offer then you have valid recourse to submit an addendum to lower the price, get credit for repairs, or simply walk. If these damages happened without your knowledge then you cannot be expected to eat the cost. The short sale lender may not see it that way but the listing agent would either relist at a reduced price or try to sell it at the same price with little or no luck. So the listing agent would probably try to explain the situation to the negotiator. Whether the negotiator could convince the investors to accept the reduced price is the real question.
Participantocr you still have the contingency period to back out if you want. Also if the property has sustained substantially more damage then when your client submitted the original offer then you have valid recourse to submit an addendum to lower the price, get credit for repairs, or simply walk. If these damages happened without your knowledge then you cannot be expected to eat the cost. The short sale lender may not see it that way but the listing agent would either relist at a reduced price or try to sell it at the same price with little or no luck. So the listing agent would probably try to explain the situation to the negotiator. Whether the negotiator could convince the investors to accept the reduced price is the real question.
ParticipantActually if you have your loan officer get in touch with the preffered lenders loan officer, you can usally get this taken care of. If you can get your loan officer to send them DU Approval then that will usually suffice and the preffered lenders loan officer will send a preap letter.
This is also done because it is not unheard of for people to doctor up previous preapproval letters. Nor is it unheard of for shady loan officers to prequal or preapprove people who are actually not worthy of being preapproved.
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