There are still deals out there, but you have to act fast when you find one. The market has been on the rise recently. The best thing you can do to succeed is to get preapproved for your loan, or have a proof of cash on hand letter from your bank showing you have the funds to follow through with a cash offer. In addition work daily with your agent to identify new listings as they hit the market and go see these properties as soon as possible to get an edge over other buyers. When you find a good property make your offer that day. Be sure to use recent ( last 30 days) comparable sales information to structure your offer for success. Try to minimize any contingencies if possible. You want your offer to be the one the seller needs. Don't make the mistake of thinking you can wait a few days to make a decision or you may miss a great opportunity. Hope this helps you be successful.
All the best,
Results Realty USA... more
Thank you for providing the information above. I would be happy to refer you to a few different lenders to speak directly to. Would you like me to provide the lenders information onto you? Please advise. Thanks... more
You can get permission from seller to install the unit by providing the seller "Hold harmless clause" and specify when you are going to install, time and date. The seller should grant you permission to do so. This should happen right after signing loan docs. You must close. We do it all the time... more
You may find that the approval from your lender for a short sale and short refinance will also be based on your assets and ability to pay, if your current payment is not a hardship those options may not be available. Your first conversation needs to be with your current lender to see what they will require to approve the Short Sale or Short Refinance.... more
Well....that's the $64M question! Several banks are putting a hold on foreclosures to take a closer look at their processes, specifically in certain states because of their particular foreclosure laws. Illinois is included in any of the those moratoriums. I'd have your agent keep in close touch with the listing agent and make sure you're first on the list for a call when it comes back on the market.... more