buying a home from a landlord is considered a Non Arms Length transaction in the eyes of the new lender you will be obtaining your financing from.
It would be interesting to know how successful Mystery was on his own, or if he ultimately listed with an agent.
Great question. Once they sign their loan docs it's pretty much a done deal. I think if they don't the seller could still cancel escrow. If they signed there ... more
From my experience, if the listing agent has doubts that the escrow will close, odds are about 50/50. In all other cases we are seeing fall outs (depending on price point, ... more
Having dealt with short sales even before they were the HOT topic (yes there were short sales in 2005 & 2006, believe it or not), the sad news is many agents have no clu ... more
The bank may take time to respond to an offer, if receives multiple offers. You must ask your agent if he/she can ask your question to the listing agent. Now, your offer may ... more