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 ... 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 …
Short sale bank counter offer high
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Splet03. 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 … SpletShort Sales Negotiation Tactics From The Pros. Short sale deals are an asset to real estate investors who know how to navigate them. While they can be time-consuming and typically require more work to facilitate than a traditional sale, short sales are also an excellent source for deals with attractive profit margins.
SpletBanks Aren’t Obligated to Say Yes Banks back out of some short sales because the list price may be so high that the bank would lose too much to make it worthwhile to take the risk. Other... Splet28. dec. 2024 · Banks are already eating it in the shorts on a short sale. A bank may have made a loan for, say, $500,000. In some parts of Sacramento in 2008, for example, values …
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 … Splet26. 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 …
Splet29. 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.
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 … nerf weather blitzSplet28. 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 ... nerf weather blitz foam footballSplet14. 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. nerf weapons axeSplet27. jul. 2024 · Negotiating a short sale basically involves convincing the bank to sell the subject property for less than the mortgage balance. To get a good deal, it’s crucial to … nerf weather blitz football yellowSplet12. 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 review complete before submitting offer to bank, Foreclosures, Short Sales, and REOs, 7 … nerf weather blitz football online gameSplet04. 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 … nerf weaponsSplet16. 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... its the resistance