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David Podgursky
"Full Service Real Estate and Mortgage Professional in South Florida"
- 14 Helpful Answers
- 130 Answers
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Experience:
Licensed Real Estate Broker for David Podgursky Licensed Real Estate Broker
November 2004—present
Senior Mortgage Broker for Boca Executive Mortgage
May 2008—present
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Specialties:
Residential Real Estate
Commercial Real Estate ... show more
Commercial Real Estate ... show more
About:
David is a native of Louisville, Kentucky and moved to Palm Beach County Florida at the end of 2003. He now resides in Lake Worth Florida with his wife,
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Testimonials:
"“I have known David for many years and have personally seen David in action. I highly recommend David for his ability to put clients in mortages that
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David Podgursky answered:
The asking price has little or nothing to do with what the bank WANTS. The bank still has to process the offers and many lenders require multiple offers still.
you have to understand that the bank is losing a LOT of money in this and so they proceed carefully. Also, the bank does not have 100% right to do a short sale - they have to prove that there is no way for that seller to pay off the debt first! Sometimes the person is hiding assets and then the bank disqualifies the short sale!
Also - asking price is not the entire contract - what are the TERMS?
Don't think you're alone - banks move very slowly and deliberately - and that's not a good thing. Don't take it personally - just make sure your agent is staying in touch weekly with the other agents and getting answers. But don't think that 3 weeks is a long time - there are short sales out there that have taken over a year!
you have to understand that the bank is losing a LOT of money in this and so they proceed carefully. Also, the bank does not have 100% right to do a short sale - they have to prove that there is no way for that seller to pay off the debt first! Sometimes the person is hiding assets and then the bank disqualifies the short sale!
Also - asking price is not the entire contract - what are the TERMS?
Don't think you're alone - banks move very slowly and deliberately - and that's not a good thing. Don't take it personally - just make sure your agent is staying in touch weekly with the other agents and getting answers. But don't think that 3 weeks is a long time - there are short sales out there that have taken over a year!
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