Short sale bank counter offer high
Splet28. jan. 2024 · In real estate, a short sale is the sale of real estate in which the net proceeds are less than the mortgage owed or the total amount of lien debts that secure the property. 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 …
Short sale bank counter offer high
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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 … 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 …
SpletMeet the banker’s objectives in making the loan with the least damage to their own position. Set a list of priorities on the restrictions wanted by the banker, so that they can give in on one or ... 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 …
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... Splet12. 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 …
Splet27. dec. 2024 · If it is more profitable to foreclose, the lender might counter at a price point that would make a short sale more profitable than a foreclosure. The investor guidelines …
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 ... matty eastendersSplet26. 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 … heritage group wellness centerSplet01. 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 … matty eckler community centre torontoSplet03. sep. 2013 · Benefits of Cash Offers on Short Sales. In a short sale transaction, there are some significant benefits to cash offers. For one, the cash buyer does not have to obtain a mortgage loan. This very ... heritage group indianapolis indianaSpletA buyer also can formally retract her initial offer in writing, ending negotiations. Acknowledge the buyer's acceptance of your counteroffer by signing off on the counter … matt yee comedianSplet18. maj 2008 · It's not terribly unusual. Once I had a bank accept a short sale offer within 1 week. With a short sale, it's not so much that you're guaranteed an agonizingly long wait, it's that you just don't know. 2 weeks or 2 months are just as possible. The listing agent should be able to give you a rough estimate based on their dealings so far with the ... matty eckler recreation centreSplet22. 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 … matt yee schedule