48836 : Advice

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Maureen Fran…, Real Estate Pro in Birmingham, MI
Maureen Francis, Birmingham MI answered:
The house we are trying to buy is a short sale and is not listed with our agent. Are we allowed to know what the results are of the BOP?
Hi Monica,

There is no reason you would not be "allowed" to know the results of the BPO. Often there is more than one, because the results will vary. However, it is the b ... more
1 vote Share Flag Mon Jan 4, 2010 Home Buying in 48836
Robert Green…, Real Estate Pro in Cherry Hill, NJ
Robert Greenblatt, MBA answered:
What does the negotiator do? What are the steps for the negotiator and what are the steps after the negotiator is done?
Hi Monica. The Negotiator is commonly the bank representaive assigned to manage the transaction. The process may take several months. The bank will typically ask for a lot of document ... more
1 vote Share Flag Mon Jan 4, 2010 Home Buying in 48836
The Pearson…, Real Estate Pro in Michigan
The Pearson Group answered:
How long will it take to get the bank to get back to us after the negotiator is done with it? The house is a short sale house.
Monica,

No doubt about it, short sales require patience on your part. My partner and I closed a couple dozen of them last year and based on our experience, the average number of day ... more
1 vote Share Flag Fri Jan 1, 2010 Home Buying in 48836
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