site stats

Short sale bank counter offer high

Splet11. okt. 2024 · Active pending short sales. When you see a listing that is showing as an “active pending short sale,” you’re looking at three separate terms that all mean slightly different things. “Active” means the house is actively listed on MLS, or is actively for sale. “Pending” means that someone has already made an offer on the house ... Splet16. okt. 2024 · A short sale typically takes 90 to 120 days, or even longer.” The reason for these holdups is that the mortgage lenders—which are stuck paying for closing costs that a seller would typically...

Short Sale: Definition, Example, Risks, and Margin Requirements

Splet28. jan. 2024 · Short Sale: A short sale is a transaction in which an investor sells borrowed securities in anticipation of a price decline and is required to return an equal number of shares at some point in the ... SpletA short sale is the sale of a house in which the loan originator grants the homeowner permission to sell the subject property for less than is owed on the current mortgage. As … clb atheneum schilde https://ardorcreativemedia.com

What is a real estate short sale, and how the short sale …

Splet22. sep. 2012 · It is the seller who pays the fees, not the bank. This was unusual because the accepted sales price exceeded the preapproved listed price of this Cooperative Short … Splet30. jan. 2014 · Bank counter and how to respond, Foreclosures, Short Sales, and REOs, 2 replies Housing Crisis 'History': "Greed" or "Misfortune", Foreclosures, Short Sales, and REOs, 15 replies Short Sale - I'm the "only buyer" and we "only deal with one buyer at a time" Questions..., Foreclosures, Short Sales, and REOs, 12 replies Splet14. maj 2024 · Experienced in short sale listings. 5. An Offer Is Received and Submitted to Your Lender for Review. Upon receipt of offer package, the short sale processing company closely examines the offer, making sure everything has been submitted and filled out correctly. Any incorrect information can delay the lender’s review of the offer. clbax morningstar

Short Sale Bank Negotiations. Who is high in this deal? Is it me?

Category:Does bank counter offer on short sale? (appraised, agent, …

Tags:Short sale bank counter offer high

Short sale bank counter offer high

Short Sales Negotiation: Getting The Best Deal Than Merrill

Splet23. okt. 2009 · I advise my short sale sellers to accept the offer from the most qualified and dedicated buyer at a price that is closest to market value. The problem isn't whether the short sale bank will accept the price, it's whether the price will appraise by the buyer's lender. Sometimes, buyers write offers that are too high. SpletThey will not net the required amount needed to justify accepting your short sale offer. Simply speaking, your offer was too low! The lender is adamant that they can do better …

Short sale bank counter offer high

Did you know?

Splet19. sep. 2024 · The offeror provides a counteroffer, asking for $16,000 with the objective of obtaining a higher price. If the offeree declines, the offeror cannot force the buyer to purchase the vehicle at... Splet20. nov. 2024 · The list price of a short sale home generally has little bearing on the actual price a bank may accept. The list price may be too high to attract an offer or too low for …

Splet04. mar. 2024 · The short sale bank will hire a Broker Price Opinion agent and pay that agent less than $100 to produce a BPO. Bear in mind, though, neither your offer price nor … Splet20. dec. 2024 · Sometimes banks will tell you that they want a higher sales price based on a broker price opinion (BPO). That could mean that the bank doesn't want to do your short …

Splet27. maj 2016 · We put an offer in on a short sale. It was listed at 425k. It has a failed title v, needs new siding, etc. We put an offer in at the assessed price 403k. The bank has countered for 455k. The attorney wants to know if we will accept that or what our highest offer will be. I'm bummed, but I love this house. I'm afraid of losing it if I counter ... Splet27. nov. 2013 · The seller accepted my initial offer, the bank countered with almost 40k more. My realtor feels they are grossly over valuing the property and neighborhood. Is the …

Splet16. nov. 2024 · 6. The Bank Will React. Anderson says just because you’re willing to pay the full short sale price that the seller’s real estate agent is asking for, don’t expect to get a home. He says that even if the asking price is hit, the …

Splet01. mar. 2024 · A short sale is a home sale where the seller / owner is underwater on their mortgage. That means the value of the home is less than the outstanding mortgage balance, so the home gets sold for less … clb atheneum tienenSplet03. dec. 2015 · The seller must first go back to the buyer and request a higher offer…any increase in the buyer’s offer improves the chance of approval, even if it does not fully … clbax tickerSplet29. jul. 2024 · 1. Do Your Homework. Before making an offer on a short sale home, real estate investors should perform their due diligence. Usually, short sale listings are priced below market value to attract potential buyers. However, this is not a guarantee that the bank will accept the low pricing. downstate pensionSpletI've been trying to get a bank short sale under contract. It's got an ARV around $220, rehab costs around $40. I put an offer in that was about 12% I've been trying to get a bank short sale under contract. It's got an ARV around $220, rehab costs around $40. I put an offer in that was about 12% downstate peds residencySplet16. nov. 2024 · The biggest problem with short sale negotiations has little to do with the buyer's agent and everything to do with the listing agent. If the listing agent is … downstate phoneSplet12. avg. 2009 · If there is no competitive offer, does it mean short sale will definitely be approved by bank?, Foreclosures, Short Sales, and REOs, 12 replies Short Sale - Attorney … clb atheneum klein brabantSplet26. nov. 2007 · Most REO property is on a price reduction schedule. Since this is a short sale, the borrower still owns the property. The seller is still the one setting the asking … downstate pension fund