Agent2Agent in Orlando>Question Details

Mike Luzzo, Real Estate Pro in Orlando, FL

AGENTS: In your experience what has been the LOWEST purchase price you have seen APPROVED regarding Short Sales?

Asked by Mike Luzzo, Orlando, FL Mon Nov 8, 2010

Are servcing lenders putting a bottom on the amount they will mitigate?

Thank you for contacting us, we appreciate the opportunity to serve you.
Mike Luzzo
Top Value Group
...your HOME to the Top Values in Real Estate


Need More Information? Please visit us @ http://www.myshortsaleorlando.com/

Help the community by answering this question:

Answers

4
Hey guys so it looks like the average is somewhere around $25K....would you agree with that?
0 votes Thank Flag Link Tue Nov 9, 2010
$4,900.00 - unimproved property in Brevard County Florida
Web Reference: http://www.321property.com
0 votes Thank Flag Link Mon Nov 8, 2010
Hey Mike, Lowest I've seen approved was $27,900 on a 1/1 condo. The lower the purchase price the more difficult they are to negotiate because the percentages tighten greatly. On a $35,000 BPO if they want to NET 80% they will want to see $28,000 NET on the hud. Very difficult to do especially when HOA liens are attached....
0 votes Thank Flag Link Mon Nov 8, 2010
Hey Mike! I have seen as low as 22,900 for properties in Poinciana.
0 votes Thank Flag Link Mon Nov 8, 2010
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer