Home Buying in 95757>Question Details

Heymanwayman, Home Buyer in Bayou Plat, Panama C...

I'm want to buy a Short Sale in GA. Home list price is 40K Market Vale is 48K. I offered 40K. What are the chances Wells Fargo will accept my of?

Asked by Heymanwayman, Bayou Plat, Panama City, FL Mon Feb 7, 2011

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There is a good chance as long as the appraisal or BPO comes back in that range. Be prepared to wait it out. This can take anywhere from two weeks to two months to get all of that completed. There is nothing short about a short sale.
0 votes Thank Flag Link Mon Feb 7, 2011
Once Wells has a contract signed by the buyer and the seller, they will order an appraisal of the property (BPO). If your offer comes in at or higher than the appraised value of the home than more than likely it will be approved. Only way to find out is to try and see what happens.
Good Luck..
Web Reference: http://www.321property.com
0 votes Thank Flag Link Mon Feb 7, 2011
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