That depends on the sales price and loan qualification, which includes your credit score and other factors. $60,000 is usually a sufficient amount for a down payment and closing costs but it really depends on the sales price and your credit worthiness.... more
Here are the definitions per the Multiple Listing Service:
Active CAPA: "Can Accept Purchase Agreement": Listing is under mutually accepted contract, and is to remain active. Seller has reserved the right to accept replacement offers as defined in the Purchase Contract. Days on Market will cease to accrue.
Active Contingent: Listing is under mutually accepted contract, which contains one or more contingencies. Call Agent for permission to show. Days on Market will cease to accrue.
All MLS Members are required to follow these definitions. A Change of Status must be made within two Business days of the event (accepting a contract).... more
I would need to know more info about the lien and the particular situation. Ask them what the $40K lien includes. That 80K offer may have jumped to $120K with the lien. Find out more info and ask if the bank can absorb the lien. You should not be responsible for a lien that the Seller incurred. Find out more info. Contact me at AzProperties@Ymail.com.... more