Learn me: Short Sales at ridiculous prices
Expired
Thread created 09-28-2012 by BlueOvalStangGT
0 Score
22 Replies
2,985 Views
http://www.trulia.com/voices/Home_Buying/Pros_Cons_of_short_sale_purchase-24735
Learn me: Short Sales at ridiculous prices
Expired
Thread created 09-28-2012 by BlueOvalStangGT
0 Score
22 Replies
2,985 Views
if you want to buy something soon, the waiting time is the worst part. if it takes 3 months to get it approved then you might miss out on something else. if you arent in a hurry it might be worth...
Learn me: Short Sales at ridiculous prices
Expired
Thread created 09-28-2012 by BlueOvalStangGT
0 Score
22 Replies
2,985 Views
Avoid short sales in newer area's...Pick a older area with good school district.You don't want to get a short sale in a area they are still building.
Learn me: Short Sales at ridiculous prices
Expired
Thread created 09-28-2012 by BlueOvalStangGT
0 Score
22 Replies
2,985 Views
elaborate.learn me.
Learn me: Short Sales at ridiculous prices
Expired
Thread created 09-28-2012 by BlueOvalStangGT
0 Score
22 Replies
2,985 Views
I don't think you are using the word market right in this sense.
Learn me: Short Sales at ridiculous prices
Expired
Thread created 09-28-2012 by BlueOvalStangGT
0 Score
22 Replies
2,985 Views
Definitely in no rush, I only pay 2-300 a month in rent which is great. I would like to move closer to work but its not like im obligated. The fact that the deal may never go through sounds...
Learn me: Short Sales at ridiculous prices
Expired
Thread created 09-28-2012 by BlueOvalStangGT
0 Score
22 Replies
2,985 Views
PiratesSayAahh is one of the smartest guy on this here forum.
Unfortunately for those who have secret service agents in service, you are out of luck. Those monies can be fake! Fake I tell you. ...
Learn me: Short Sales at ridiculous prices
Expired
Thread created 09-28-2012 by BlueOvalStangGT
0 Score
22 Replies
2,985 Views
It might pop back up again soon though. Just because the seller agreed and the bank semi-agreed doesnt mean its a closed deal.
Short-sales are usually wayyyy underpriced in order to start a...
Learn me: Short Sales at ridiculous prices
Expired
Thread created 09-28-2012 by BlueOvalStangGT
0 Score
22 Replies
2,985 Views
I'd be careful assuming you "saved" something over market. The market is what the home sells for. You may get lucky and get a bounce like we did after we bought our Utah short sale (about 25%) or...
Learn me: Short Sales at ridiculous prices
Expired
Thread created 09-28-2012 by BlueOvalStangGT
0 Score
22 Replies
2,985 Views
Even when you are scheduled to sign on the place you can get a call from your Agent telling you that the the deal isnt going through (30 mins before you were supposed to go in and have bought the...
Learn me: Short Sales at ridiculous prices
Expired
Thread created 09-28-2012 by BlueOvalStangGT
0 Score
22 Replies
2,985 Views
As soon as you put your bid in request to have the house sealed (even if you have to pay for the new locks!), or seal it yourself. We had a situation with a short sale that took close to four months...
Learn me: Short Sales at ridiculous prices
Expired
Thread created 09-28-2012 by BlueOvalStangGT
0 Score
22 Replies
2,985 Views
We bought a short sale last September. We bought it for $340k and just had it revalued at $400k and refinanced into a 15 year with no PMI. Yes, we had to wait six months, but so far it looks like a...
Learn me: Short Sales at ridiculous prices
Expired
Thread created 09-28-2012 by BlueOvalStangGT
0 Score
22 Replies
2,985 Views
I disagree, I know what the home is valued compared to comps in the neighborhood with homes selling within the month. This home is 80K off that price. Each area is different, I dont think I drank the...
Learn me: Short Sales at ridiculous prices
Expired
Thread created 09-28-2012 by BlueOvalStangGT
0 Score
22 Replies
2,985 Views
Fair enough and good luck. Ours turned out well, but that isn't always the case. It is likely the case more often today than two years ago.
Learn me: Short Sales at ridiculous prices
Expired
Thread created 09-28-2012 by BlueOvalStangGT
0 Score
22 Replies
2,985 Views
Cash is king.
Learn me: Short Sales at ridiculous prices
Expired
Thread created 09-28-2012 by BlueOvalStangGT
0 Score
22 Replies
2,985 Views
In many cases, the price on a short sale is something the owner is hoping the bank will accept. In many cases, the bank has never been asked if that price will be acceptable even if the l listing...
Learn me: Short Sales at ridiculous prices
Expired
Thread created 09-28-2012 by BlueOvalStangGT
0 Score
22 Replies
2,985 Views
Wow, never heard of that. I am in a shortsale right now, slow process ,but if it goes through, my dreamhome and saved about 80k over market. Even if they ask for some money, have 80k to bargain with....
Learn me: Short Sales at ridiculous prices
Expired
Thread created 09-28-2012 by BlueOvalStangGT
0 Score
22 Replies
2,985 Views
We bought a short sale 3 years ago. The process is long and slow. It took 3 months for ours to be approved by the bank.
* The #1 thing we learned was go directly to the listing agent. We started...
Learn me: Short Sales at ridiculous prices
Expired
Thread created 09-28-2012 by BlueOvalStangGT
0 Score
22 Replies
2,985 Views
Well apparently the listing went into contract the same day it was listing. Someone offered full price in cash. I can offer higher than asking but not in cash. Looks like this one is going to get...
Learn me: Short Sales at ridiculous prices
Expired
Thread created 09-28-2012 by BlueOvalStangGT
0 Score
22 Replies
2,985 Views
So a short sale just popped up in the neighborhood I was looking at and it is literally exactly what I was looking for. It's also listed at an almost ridiculous price (a solid 50k less than I would...
Learn me: Short Sales at ridiculous prices
Expired
Thread created 09-28-2012 by BlueOvalStangGT
0 Score
22 Replies
2,985 Views
We were renting and obviously had to give notice to where we lived and luckily our landlord kept extending our move out date but in the end we had to give them a firm date. In the end we simply gave...
Learn me: Short Sales at ridiculous prices
Expired
Thread created 09-28-2012 by BlueOvalStangGT
0 Score
22 Replies
2,985 Views
also keep and mind that they are basically "as-is". the bank isn't going to fix anything so bid accordingly.
Learn me: Short Sales at ridiculous prices
Expired
Thread created 09-28-2012 by BlueOvalStangGT
0 Score
22 Replies
2,985 Views
I haven't heard anyone say "learn me" since the Irish immigrant showed up in my 4th grade class.
Learn me: Short Sales at ridiculous prices
Expired
Thread created 09-28-2012 by BlueOvalStangGT
0 Score
22 Replies
2,985 Views
They only do this to get you to look at the house, If it really is a great deal price will be bid up..
if home has 2 loans on it,and the second loan is a good amount of money don't waste your time.....
