Home Buying in Woodstown>Question Details

Kyle856, Home Buyer in 08098

180 east ave ,woodstown nj. subject to bank approval it says.is this a short sale?

Asked by Kyle856, 08098 Mon Jan 25, 2010

Help the community by answering this question:

Answers

6
Not necessarily. With more research on the bank, such as: how much was owed, which bank, and what kind of situation the bank is in can all have an affect on the banks reaction. Short Sales as long as you're patient can be some of the best deals, even in this buyers market.

If you want to get into more detail, let me know!

Tim Spokony
856.498.7195
1 vote Thank Flag Link Mon Jan 25, 2010
Also, my email is tspokony@gmail.com.

Thanks again,
Tim
0 votes Thank Flag Link Mon Jan 25, 2010
thank you tim. i saw that this property sold for $262,000 just 2 years ago and the new asking price was reduced 30k to $209,000.even if i offered $209,000 that would most likely get shot down buy the sellers bank ,no?
0 votes Thank Flag Link Mon Jan 25, 2010
Yes, this means short sale. I am a Realtor, and live in Woodstown. If you need any additional info please feel free to contact me!

Tim Spokony
856.498.7195
0 votes Thank Flag Link Mon Jan 25, 2010
Yes, it appears to be a foreclosure based on the fact it states "subject to bank approval". Depending on the bank, it may take some time for the lender to accept or counter your offer.

James Kennedy
(732)979-7409
0 votes Thank Flag Link Mon Jan 25, 2010
"Subject to bank approval" is the standard language for a short sale. This is s short sale. Hope that helps.
0 votes Thank Flag Link Mon Jan 25, 2010
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer