Withdraw Short Sale All Locations : Nationwide Real Estate Advice

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Robert D Hug…, Real Estate Pro in Devon, PA
Robert D Hughes answered:
Why is my "mattress money" CASH unacceptable as a down payment on a home?
Blue Bayou, unfortunately your funds cannot be traced to a source so lenders will not count large sums of untraceable funds. As crazy as it may sound there are people out there with dru ... more
0 votes Share Flag Sat Mar 19, 2016 Home Buying in Alexandria
Danielle Sha…, Real Estate Pro in Cape Coral, FL
Danielle Sharp answered:
I want to use nearly the full 60 days to close on a bank accepted offer short sale- my realtor says not smart ...
You have a contract with the seller. Even if another offer comes in, it would be a backup. No good short sale agent is going to submit a new offer to the sellers lender when they have a ... more
0 votes Share Flag Tue Jan 31, 2012 Home Buying in Florida
Suzanne MacD…, Real Estate Pro in Morristown, NJ
Suzanne MacDowell answered:
Offers been in 3 months. Owner just rented the short sale to a family how can the owners rent it so close to ...
I know this is not the answer you want to hear, but the fact is the house belongs to the owner until the day you close and he can do with it as he sees fit as long as it is in subsantia ... more
0 votes Share Flag Thu Jan 26, 2012 Foreclosure in Provo
Christopher…, Real Estate Pro in Tarrytown, NY
Christopher Pagli answered:
Do agents prefer not to get involved in short sales & foreclosures? Is it too much work vs the risk for ...
Hi, there are some that do and some that don't. Many have taken a course in short sales and made it an area of expertise. The main problem with a short sale is a large number of ... more
0 votes Share Flag Sat Jan 28, 2012 Home Buying in Westchester County
Dan Tabit, Real Estate Pro in Issaquah, WA
Dan Tabit answered:
I am interested in a condo that is listed as a short sale, but it's now listed as "pending.& ...
A high percentage of short sales never close. Buyers get tired of waiting, agents don't always know how to properly handle them and banks don't cooperate or handle the ... more
0 votes Share Flag Wed Feb 1, 2012 Home Buying in 60638
Ron Thomas, Real Estate Pro in Fresno, CA
Ron Thomas answered:
If a house has had a sale pending status for a few months, is it okay to still try and make an offer, or ...
SALE PENDING could stretch all the way from the acceptance of a Shortsale by the Homeowner, thru the Acceptance by the Bank, and 'till the Close of Escrow; MONTHS!
You didn't ... more
0 votes Share Flag Wed Jan 18, 2012 Home Buying in Houston
Tammy Spille…, Real Estate Pro in Oakdale, CA
Tammy Spillers answered:
seller plans to remove fixture items in a short sale(Standard CA contract. no special excl/incl items men ...
Anything that is attached with a nail or screw is considered real property and must go with the sale of the property unless otherwise noted in contract. As for the fountain and drapes t ... more
0 votes Share Flag Tue Jan 3, 2012 Home Buying in Roseville
Kris Plechaty, Real Estate Pro in Menomonee Falls, WI
Kris Plechaty answered:
We are waiting for an answer from the bank on a short sale (6 months!). Found another house we like.
Good Morning Bill!

It sounds like the closing on this house may not happen! Short sales can and do typically take longer to close than the non-short sale transaction; however, buye ... more
0 votes Share Flag Sun Dec 25, 2011 Home Buying in 53227
Joseph Del S…, Real Estate Pro in Cranston, RI
Joseph Del Sesto, GRI, SRS answered:
How long to hear back from an asset manager if you offer 100% list price on REO?
Tom, my opinion is it's really up to how the asset manager feels that week. I had a client put an offer in 2 times on a property and the bank kept counter offering slightly under l ... more
0 votes Share Flag Sun Jan 1, 2012 Foreclosure in Providence County
Susan Hoffla…, Real Estate Pro in Shoreview, MN
Susan Hofflander answered:
statement to use to put a time limit on purchase offer acceptance in Minnesota?
Hi, AJ!
Well, you can do that. You can write in whatever you want. I don't mean to speak for your agent, but when I'm advising buyers about that I feel a responsibility to ... more
0 votes Share Flag Sat Dec 10, 2011 Home Buying in Minnesota
Elisgroves,  in Santa Rosa, CA
Elisgroves answered:
Short sales-California
Yes, you can withdraw your offer anytime. Just because the seller has accepted it doesn't mean their lender will.
0 votes Share Flag Thu Dec 8, 2011 Home Buying in Santa Rosa
Emily Knell, Real Estate Pro in Huntington Beach, CA
Emily Knell answered:
Awesome. Ok. My original offer was accepted by the seller of this short sale. I got a copy. But I dont know ...
I answer a lot of questions for consumers on Trulia & many many of my answers are pertaining to short sales. I have closed a great deal of short sales.

I assure you not all Real ... more
0 votes Share Flag Thu Dec 1, 2011 Home Buying in Orange County
Margaret Has…, Real Estate Pro in Tampa, FL
Margaret Hassani answered:
Does using the listing agent of a short sale I really want help me it all? Meaning will the agent favor me ...
You should most certainly have a buyer agent representing you. Short sales can be very complicated. Find a Realtor who has experience in short sales and knows the area where you are p ... more
0 votes Share Flag Thu Sep 27, 2012 Home Buying in Orange County
Lillian Live…, Real Estate Pro in Lakewood, CO
Lillian Lively answered:
RealtyTimes has an article suggesting sellers should not withdraw listings during the Holidays. I agree. Bu ...
keep the listing live through the holiday season. I believe it gives your seller an advantage.
0 votes Share Flag Wed Dec 21, 2011 Home Selling in Boulder County
Tim Moore, Real Estate Pro in Kitty Hawk, NC
Tim Moore answered:
I put in a back up offer and would like to re-negotiate the offer. What should I do?
Withdraw the offer and write a new one, or write an amendment changing the terms. Sounds like you have a dual agent (working for you and the seller) and that puts you in a poor situatio ... more
0 votes Share Flag Thu Dec 29, 2011 Home Buying in 07050
Blythe  Came…, Real Estate Pro in Albuquerque, NM
Blythe Camenson answered:
On a short sale or forclosure is it required to put down Earnest Money when you make an offer with your purc ...
Usually, yes. (But it depends on the type of loan you're getting.) You'd also have to show proof of funds or that a bank has prequalified you. If you'd like help finding ... more
0 votes Share Flag Sat Nov 12, 2011 Home Buying in Albuquerque
Tony McMahon, Real Estate Pro in WHITE PLAINS, MD
Tony McMahon answered:
Can I place an offer on a short sale that just went under contract? And if I can, should I even bother? ...
You could always ask to be a back up offer, but if the short sale is in contract status and the contingencies have been removed , you might want to keep on shopping.
0 votes Share Flag Sat Jan 21, 2012 Home Buying in Wilmington
John Sacktig, Real Estate Pro in New Jersey, NJ
John Sacktig answered:
How long should a house stay on the market before being pulled off?
Do not have the answer to that.

Before I would pull a house off the market the seller would need t really justify withdrawing the property. Do you want to sell your home? If it is ... more
0 votes Share Flag Thu Dec 8, 2011 Home Selling in Tenafly
Rodney Mason, Real Estate Pro in Atlanta, GA
Rodney Mason answered:
I am interested in making an offer on a short-sale (approved), and what info. should I have in order to ...
If you have to sell your current home before closing on a new one, then a short sale is not going to be for you. On a short sale or a foreclosure, they will not allow contingencies for ... more
0 votes Share Flag Mon Jul 9, 2012 Home Selling in Woodstock
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