Your question doesn't sound right...Have you already made an offer on this property? If not, its not a counteroffer. If you want to update an offer at any time, you can. As a foreclosure....unlikely it would have been accepted over the weekend as a bank owns it and you don't typically get a response from them over the weekend--as banks are closed. Call the agent you want to work with. Have them make an offer for you fast! BTW (The bank pays their commission, not you.) Mary Zentz RE/MAX Suburban 847-707-9507... more
Let's see, almost 4 million homeowners with mortgages either in foreclosure or late on payments heading toward default. Only 10% of these are on the market. And 25% of the homes on the market are vacant. What could be the conclusion here?
Things are changing: Loss reserves for lenders are being depleted and need to do something about it soon. Lenders are now considering short sales without a hardship. Investors are buying distressed mortgages from distressed lenders at a big discount. Maybe lenders also see prices falling further which means their mortgage securities will be worth even less. So, they are dumping them as quickly as they find buyers. Most of these are institutional investors.
It's unlikely it will get much better than this to buy a distress sale. But what percentage of the employed can qualify for a mortgage at this time and want to buy? I'd like to see a pole taken on that.....
Re/Max Suburban... more
Definitely need to contact a mold inspector. A home inspector can give you some references to contact. I have a few great home inspectors that I could refer you to. Please contact me through email@example.com to talk further.... more