Commitment Letter, Short Sale : Home Selling : Nationwide Real Estate Advice

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John Crowe, Real Estate Pro in Austin, TX
John Crowe answered:
Pflugerville, TX Home for Sale
Are you represented by an agent? The foreign interest seems a bit odd. I ask about the agent because he/she can tell you obligations of being under contract. I'd have that conversa ... more
0 votes Share Flag Sun May 22, 2011 Home Selling in Austin
Fred Glick, Real Estate Pro in Santa Monica, CA
Fred Glick answered:
Is it normal for the buyer's loan to fall through? This is my 2nd time where buyers didn't get loan on day of escrow closing. Why are they?
You should only accept a preapproval where the loan officer has run what is called an automated underwriting approval from either the Fannie Mae or Freddie Mac computer where the underw ... more
0 votes Share Flag Thu Dec 23, 2010 Home Selling in 92563
Bernard Teic…, Real Estate Pro in Freehold, NJ
Bernard Teichman answered:
trulia shows a house in a small town in new jersey......underground oil tank has been removed and testing shows leakage. need it be remediated??
The short and simple - YES it should be remediated. Remediation could prove very costly so have the seller do it and get all the Gov't agencies to clear it. You do not want to inc ... more
0 votes Share Flag Sun Nov 28, 2010 Home Selling in New Jersey
Scott Godzyk, Real Estate Pro in Manchester, NH
Scott Godzyk answered:
What's the best way to get listings?
Being a listing agent is an art, just as having the experience and patience to be a buyers agent. listing agents represent the sellers, they look to get the best price and terms for the ... more
0 votes Share Flag Wed Oct 14, 2015 Home Selling in 33060
Jeanne Feeni…, Real Estate Pro in Basking Ridge, NJ
Jeanne Feenick answered:
Will a bank accept my short sale if I have not missed any payments?
You will need to present your hardship case to the bank - my suggestion is to speak to your lender and agent and pull together a package that has all required elements. I don't kn ... more
0 votes Share Flag Thu Nov 4, 2010 Home Selling in Ohio
Pacita Dimac…, Real Estate Pro in Oakland, CA
Pacita Dimacali answered:
In reference to foreclosure notice and response to this, what information should be included. As the departments are not communicating with each other
When working on a short sale listing, I never assume that the foreclosure action is stopped, regardless of what stage we're in.

Although the short sale negotiation group is sepa ... more
0 votes Share Flag Mon Nov 15, 2010 Home Selling in Naples
Jeffrey Doug…,  in San Diego, CA
Jeffrey Douglass answered:
Who is responsible for the HOA docs fee when the escrow is cancelled by the buyer?

If the buyer cancelled within his/her contingency period and you had agreed to pay for the HOA docs you would be responsible for the fees. If you are going to continue to ... more
0 votes Share Flag Wed Aug 21, 2013 Home Selling in 92130
Marvin Von R…, Real Estate Pro in Tigard, OR
Marvin Von Renchler answered:
My realtor refused to pull my house from the market after the expiration day. He ignored my calls and e-mails. What can I do?
If you have a contract and it has an expiration date thats passed, contact your local board of Realtors. If the agent isnt e Realtor(c) then call the state department of real estate.
0 votes Share Flag Sun Feb 20, 2011 Home Selling in Lumpkin County
Kevin Olson,…, Real Estate Pro in Colorado Springs, CO
Kevin Olson, Jessica Laude answered:
Can I cancel my contract due to the buyer not obtaining a real commitment letter?
Yes you can based on what is stated above. It sounds like what they have is a pre qualification letter and not a commitment letter. Generally in a contract the commitment date is set to ... more
0 votes Share Flag Mon Sep 16, 2013 Home Selling in 02767
Scott Godzyk, Real Estate Pro in Manchester, NH
Scott Godzyk answered:
I listed my w. village co-op for sale. I had my first open house, and already received a full price offer. Th ...
No that means your broker may have priced it just right. You should have received a broker price opinion before listing and have been shown a list of comparables that have sold in the l ... more
0 votes Share Flag Sun Jan 20, 2013 Home Selling in West Village
Sarah Padgett, Real Estate Pro in Mansfield, TX
Sarah Padgett answered:
We are in the middle of relocating and waiting for our house to sell. How long ... before we look at a short sale? ...
Short sales can be tricky...they have gotten better on closing if the agents involved know the process. Do you need me to refer you to a top-producing agent in your area? I have had one ... more
0 votes Share Flag Fri May 18, 2012 Home Selling in 18045
Jeanne Feeni…, Real Estate Pro in Basking Ridge, NJ
Jeanne Feenick answered:
What is a short sale????
Hi Judy, a short sale is a transaction in which the market value of the property is less than what the owners/mortgage holder owes the bank. Given the decline in the market on the heel ... more
0 votes Share Flag Wed Sep 5, 2012 Home Selling in 38016
Brian Burke, Real Estate Pro in Highlands Ranch, CO
Brian Burke answered:
I want to fire my agent. He has lied to me. My trust in him is broken. How do I get rid of him?
I am not sure of the Contract you have. In ours I will let any unhappy Seller out if they Ask. I would ask the Agent to let you out. If the Agent does not let you out you may try talkin ... more
0 votes Share Flag Sat Nov 24, 2012 Home Selling in Thornton
Jane Grant, Real Estate Pro in Aguanga, CA
Jane Grant answered:
Is it "ethical" to host an open house when you already have a contract in attorney review? I know its "legal", just doesn't
Bob: This happens a lot in our area. We have a lot of agents here in Southern California and there are open houses on homes in Pending all of the time. The agents try to get buyers o ... more
0 votes Share Flag Thu Feb 23, 2012 Home Selling in 07728
Patrick Thies, Real Estate Pro in Anytown, IL
Patrick Thies answered:
What is the best FSBO site to use?
I'm sure Rockinblu will be along sometime to answer, but in the mean time try this blog. It's a little lengthy but full of great FSBO information.
0 votes Share Flag Sun Nov 9, 2014 Home Selling in 08034
James Gordon…, Real Estate Pro in Hamilton, OH
James Gordon ABR SFR SRS answered:
I have recently placed a contract (04/09/10)on a foreclosure and a week before closing the title company said that the title was not correctly
Beng that is a question for the title company to answer. I have been involved in a few transactions where the deed was not properly conveyed. In the transactions that I was involved wit ... more
0 votes Share Flag Thu May 20, 2010 Home Selling in Clearwater
Elizabeth He…, Real Estate Pro in Agawam, MA
Elizabeth Herbert answered:
How important is a mortgage pre-approval letter from a potential buyer, when as a seller I am evaluatin ...
Very important! You want to make sure that the Buyer can walk their talk and aren't wasting your time or worse, costing you an offer from a valid buyer.
0 votes Share Flag Fri Feb 19, 2010 Home Selling in New York
Anna M Brocco, Real Estate Pro in Williston Park, NY
Anna M Brocco answered:
Unfortunately when it comes to co-ops there is never a guarantee a buyer(s) will be approved by the Board, even though he/she qualified for the mortgage and Board requirements are fulfi ... more
0 votes Share Flag Sun Sep 30, 2012 Home Selling in Jackson Heights
Lenny Frolov, Real Estate Pro in Brooklyn Park, MN
Lenny Frolov answered:
08002- Looking for an experienced Short Sale agent in the Cherry Hill area.
Make sure you ask a lot of questions about any potential agent you hire. A short is a complicated process that should be be done by an experienced agent for best success.
0 votes Share Flag Wed Jan 20, 2010 Home Selling in New Jersey
Marc Paolella, Real Estate Pro in Succasunna, NJ
Marc Paolella answered:
Can a neighbor or friend purchase my home in a short sale?
Hi Under,

If your bank accepts their offer, then certainly your friend can buy the house. But you have to get them to accept the offer. That's the hard part.


Marc Pa ... more
0 votes Share Flag Fri Sep 12, 2014 Home Selling in 07463
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