Loan approve is $125,000
I put offers on 4 different properties..
2 riverside listed for 115,000
2 fontana listed 117,000
We offered all 4 for $125,000 today... are these good offer.?
I'm approve for 125,000 FHA... this will be the second time putting offers the first one they out bid me.. hopefully the bank approved them .... do you think i have good chance this time..
My realtor said he will let me know in 2-3 business days.
There may be some relief on the way. The foreclosure moratoriums appear to have kept a lot of foreclosures off the market, and some have said that the inventory will soon increase. But I don't think anyone knows for sure.
Carolina there are so many people looking for property right now and there seems to be a shortage, that each property is receiving about 10-20 offers. These properties are going for about 20-100k over asking. My clients are approved for $265,000 and we are looking in the $200,000 price range so we could bid up to $265,000 and they are still being out bid. My clients have submitted over 22 offers and still nothing. 4 offers and an acceptance would be heaven sent.
Dyanna
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