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Keith Manson

Trulia Pro
"Certified Distressed Property Expert and GRI"
  • 38 Helpful Answers
  • 526 Answers
  • 102 Blog posts
Agent at First Weber Group
Experience:
Real Estate Agent for First Weber Group January 2007—present
Realtor focused on using my experience in realestate,relocation and mortgage servicing…
Vice President/Senior Mortgage Servicing Manager for Washington Mutual Mortgage February 1997—December 2005
Responsible for mortgage insurance claims, property preservation,bankruptcy servicing…
... show more
Specialties:
Great buyers agent to assist buyers through the process of buying a home . Also helping people to stay in their homes when behind in payments. Lots of ... show more
Certifications
& Awards:
Certified Distressed Propert Expert, GRI, Relocatiion Specialist and loss mitigation Specialist
Interests:
Sailing, chess, and Swimming
About:
MBA with GRI and (CDPE)Certified Distressed Property Expert with 30+ years of diverse realestate & mortgage servicing experience. Specializes in REO's, ... show more
Testimonials:
"I highly recommend Keith to anyone that needs help with his or her mortgage needs, whether it is buying, selling, or help understanding the process. He ... show more
Keith Manson answered:
If the bank has made the determination that the only way a property can be sold is with cash. It would because the bank with the realtor assigned to the marketing of the property it is unlikely for the property to obtain financing. The reason can be may differnt reasons, it can be: the property needs to much work, foundation in need of signifcant repair, electric will not meet specific requirements needed to get insurance and financing, not meeting underwriting criteria for occupancy percentages for condo's or coops,or the complex and the home owner association may not be in a good finacial stable condition.

So there may be many reasons for selling a property for cash. But the bottom line is the bank is looking who they get net the most money out of the liquidation of the property in the shortest period of time. The bank does not want to accept offers with only the financing to kill the deal. (this would only cost the bank valuable time and money) - Earlier today

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