If it is listed as a short sale you can. It doesn't turn into a bank owned property until the redemption period expires. Email me the address and I'll look into what bank will be taking it over. I have contacts at most banks and may be able to help!
Talk to you soon!
Kris Lindahl, CRS, CDPE, SFR
The quick and easy answer Manpat777 is "yes", you will.
If the owner is in redemption then they must pay the mortgage in full before redemption expires to regain possession of the property. I don't think that is likely to happen.
Eagan, MN... more
I would call them and ask them why they sent it to you. It does seem odd, but they may have inadvertantly sent it to you rather than 'back' to the estate trustee. Worth a call and let us know how it goes. Good luck.
Realtor since 1980... more
Your question lacks a few points. Is the propety listed? If it is listed than it should be no different than any other property and you can make an offer to have them pay closing costs and the listing agent will be paid by the seller. If you are looking at making a deal directly with the homeowner then there should be no agent needing to get paid. You can always raise the purchase price and ask the homeowner to pay closing costs to help you obtain the loan. Hopefully I answered your question with the details I was given.... more