Hi, Most likely they would accept a backup offer. Have you been preapproved? Are you working with a Realtor ? Please call me to discuss your situation and getting you on the correct road to homeownership.
Excellent Service Realty
OK, I am pretty sure you don't understand lease to own or you would not be interested in it. To do a rent to buy you have to get a loan to be able to buy it. Your contract will require that you get a loan in 1-2 years. Since you just had a bankruptcy you can't so don't even think about rent to lose options or that is what will happen, you will just lose out. You will lose your deposit and all the extra option money you will pay.
Just rent now and buy in 3-5 years if you can.... more
There's nothing that requires the Seller to leave the A/C on in most contracts. If you want it on, you could offer to pay for the electric bill, but short of that you may be out of options. The bank will not reimburse for that type of expense.
Liane Jamason, REALTOR
Keller Williams Realty
Serving Hillsborough & Pinellas Counties
Andrew, the mitigation fee is paid to the negotiator dealing directly with the lender(s).
These fees will be popping up under a variety of names as more restrictions are placed on transactions of this type.
Why do you have to pay this? In the overwhelming number of shortsale situations the seller has absolutely no funds to contribute. The negotiator is the most crucial element in the short sale process. Your trusted real estate professional can advise you concerning your options in these short sale transactions.... more