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October 18, 2010 at 8:54 PM in reply to: Short Sale Liabilities (unpaid taxes by previous owner) #620525October 18, 2010 at 8:54 PM in reply to: Short Sale Liabilities (unpaid taxes by previous owner) #620846
urbanrealtor
ParticipantMore specifically, any escrow will verify payoff with all identifiable stakeholders.
If you buy a short through an escrow, the title company won’t allow it to close without a clear understanding from the tax man.
It is, however, entirely possible for a seller to ask you to contribute to their liens (including tax liens).
If you buy on the courthouse steps then it is possible for you to inherit a previous owner’s tax debt.
Those can be attached to the property up to 120 days after the auction.
But then that is not a short sale.
October 18, 2010 at 8:39 PM in reply to: Short Sale Liabilities (unpaid taxes by previous owner) #619758ParticipantNo.
Next question?October 18, 2010 at 8:39 PM in reply to: Short Sale Liabilities (unpaid taxes by previous owner) #619841ParticipantNo.
Next question?October 18, 2010 at 8:39 PM in reply to: Short Sale Liabilities (unpaid taxes by previous owner) #620392ParticipantNo.
Next question?October 18, 2010 at 8:39 PM in reply to: Short Sale Liabilities (unpaid taxes by previous owner) #620510ParticipantNo.
Next question?October 18, 2010 at 8:39 PM in reply to: Short Sale Liabilities (unpaid taxes by previous owner) #620831ParticipantNo.
Next question?October 18, 2010 at 3:32 PM in reply to: State of the Housing Market From Agent’s Perspective *NSFW* #619647ParticipantThank you for this dude.
I sent this to several agents.
I have had those conversations so many times I can almost script it in advance.
October 18, 2010 at 3:32 PM in reply to: State of the Housing Market From Agent’s Perspective *NSFW* #619729ParticipantThank you for this dude.
I sent this to several agents.
I have had those conversations so many times I can almost script it in advance.
October 18, 2010 at 3:32 PM in reply to: State of the Housing Market From Agent’s Perspective *NSFW* #620281ParticipantThank you for this dude.
I sent this to several agents.
I have had those conversations so many times I can almost script it in advance.
October 18, 2010 at 3:32 PM in reply to: State of the Housing Market From Agent’s Perspective *NSFW* #620398ParticipantThank you for this dude.
I sent this to several agents.
I have had those conversations so many times I can almost script it in advance.
October 18, 2010 at 3:32 PM in reply to: State of the Housing Market From Agent’s Perspective *NSFW* #620718ParticipantThank you for this dude.
I sent this to several agents.
I have had those conversations so many times I can almost script it in advance.
ParticipantPublic Defender/ Walter/ scaredy:
As an agent, if I had any inkling that a buyer was trying to add an extra 60-70 days to an escrow, I would totally smoke out the buyer.
A notice to perform to remove contingencies followed by a notice to perform to close escrow followed by a re-list on the MLS as active subject to cancellation of current escrow.
In other words, if the listing agent were to give you that much latitude, I would find his conduct questionable.
That being said, the way you want to do it is to claim it as a lending issue and to offer some concession that appeals to them.
Let the deposit go hard, offer additional monies in a way that makes sense.
Good luck.
ParticipantPublic Defender/ Walter/ scaredy:
As an agent, if I had any inkling that a buyer was trying to add an extra 60-70 days to an escrow, I would totally smoke out the buyer.
A notice to perform to remove contingencies followed by a notice to perform to close escrow followed by a re-list on the MLS as active subject to cancellation of current escrow.
In other words, if the listing agent were to give you that much latitude, I would find his conduct questionable.
That being said, the way you want to do it is to claim it as a lending issue and to offer some concession that appeals to them.
Let the deposit go hard, offer additional monies in a way that makes sense.
Good luck.
ParticipantPublic Defender/ Walter/ scaredy:
As an agent, if I had any inkling that a buyer was trying to add an extra 60-70 days to an escrow, I would totally smoke out the buyer.
A notice to perform to remove contingencies followed by a notice to perform to close escrow followed by a re-list on the MLS as active subject to cancellation of current escrow.
In other words, if the listing agent were to give you that much latitude, I would find his conduct questionable.
That being said, the way you want to do it is to claim it as a lending issue and to offer some concession that appeals to them.
Let the deposit go hard, offer additional monies in a way that makes sense.
Good luck.
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