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Yoganand Gan…, Real Estate Pro in Orlando, FL
 There are a myriad of ways that unforeseen hardships can change the joy of ... foreclosure, the short sale is an increasingly popular option. In this option, the lender accepts less than ... Read more
Blogged Mon Dec 20, 2010 by Yoganand Ganeshram PA Market Conditions Home Selling Foreclosure
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Scott Godzyk, Real Estate Pro in Manchester, NH
I have not experienced any of the problems that Scott describes, but that is for ... . More importantly, whenever a client is involved in a short sale--buying or selling--we bring in The ... Read more
Blogged Tue Jul 27, 2010 by Scott Godzyk Foreclosure
Bobby LehmKu…, Real Estate Pro in 90265
The Malibu Real Estate Resource GuideMalibu California Real Estate ×€ Mal ... acceptable short sale arrangement is made with your bank, and your real estate agent has brought you a buyer ... Read more
Blogged Sun Jan 31, 2010 by Bobby LehmKuhl Home Selling
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Jesse Madison…, Real Estate Pro in Laguna Niguel, CA
Temecula Sellers, What to look for in a purchase agreement A ... agreement is a complicated legal document. It willinclude all of the terms and conditions of the sale ... Read more
Blogged Sat Jan 23, 2010 by Jesse Madison 949-30... Home Selling
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Mike Brasco, Home Seller in Jacksonville, FL
Rent to own Florida- Lease option Florida homeFind Rent to Own Homes and Lease ... Sale By Owner in Florida  Frequently Asked Florida Rent to Own QuestionsHow Does Your Rent to ... Read more
Blogged Mon Jan 4, 2010 by Mike Brasco Home Buying
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Marcy Moyer, Real Estate Pro in Palo Alto, CA
What I Learned About Real Estate This Year I want to start by thanking al ... withdraw the listing just because they can not get their expected price.Last Jan short sales had about a ... Read more
Blogged Sun Dec 27, 2009 by Marcy Moyer Market Conditions
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Kathleen Pea…, Real Estate Pro in Charlotte, NC
The CRRA seminar on short sales concluded with Debbie Wey, representative of the ... whether a transfer will be a short sale initially occurs in establishing the list price.  Review the ... Read more
Blogged Fri Apr 3, 2009 by Kathleen Pearson Home Selling
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Ron Thomas, Real Estate Pro in Fresno, CA
Ron Thomas answered:
If I write a back up offer on a property that is a short sale pending, can i still write an offer on anothe ...
You could get into a squeeze there; but the chances are very small.
0 votes Share Flag Fri Apr 19, 2013 Home Buying in Portland
Cindy Davis, Real Estate Pro in San Diego, CA
Cindy Davis answered:
If I submit multiple offers on different properties at the same time, what happens if more than one gets accepted?
The offer is only valid when you acknowledge the seller's acceptance in writing. Even then, you have a 17 day inspection period during which you can cancel.
0 votes Share Flag Mon Mar 25, 2013 Home Buying in Los Angeles
Tracyparker, Home Buyer in ,
Tracyparker answered:
The bank and agent is playing games on a foreclosure property in Glenn Dale, MD
The agent also told me to keep looking for other houses... Even after he told my realtor that my offer has been accepted. He states that they can accept any offer they want.... So I ... more
0 votes Share Flag Mon May 20, 2013 Foreclosure in Glenn Dale
Alma Rose Kee…, Real Estate Pro in Tampa, FL
Alma Rose Kee, P.A. answered:
Foreclosures/ short sale info
Hi,

Unless a Short Sale has been "approved" the asking price is pure fiction. Also lenders will do their own independent appraisal or Broker Price Opinion so you cannot buy a proper ... more
0 votes Share Flag Sun Mar 17, 2013 Home Buying in Apollo Beach
Donald James, Real Estate Pro in Edina, MN
Donald James answered:
How long does it normally take for a contingent offer to be accepted or declined before a back up offer will be looked at?
Hi Ann,
We see very few contingent offers on regular PA's these days so I am assuming you are asking about a bank-owned property. I tell my clients to be ready to wait 90 to 120 days ... more
0 votes Share Flag Mon Apr 8, 2013 Home Buying in Mankato
Ron Thomas, Real Estate Pro in Fresno, CA
Ron Thomas answered:
Hi, I'm in contract for YES, a short sale. The bank has accepted. Now Agent and Seller are coming ba ...
You are not a victim.
You are not without fault.
You tried to do this without your own agent; why?
At this point, maybe talking to the Agents' Broker would simplify things:
Understa ... more
0 votes Share Flag Tue Mar 12, 2013 Home Buying in Buckeye
Tim Moore, Real Estate Pro in Nags Head, NC
Tim Moore answered:
I negotiated a contract for a short sale. The bank has asked the sellers for an update financial report an ...
Yes, banks do not have to agree to a short sale and they do not want to allow the owner to force them to lose money if the seller has other assets. If they have other assets the bank ca ... more
0 votes Share Flag Mon Feb 25, 2013 Home Buying in Calvert County
Shanna Rogers, Real Estate Pro in Murrieta, CA
Shanna Rogers answered:
On a short sale can you put an offer on it with contingent on selling your house?
Hi ilwallace,

When you submit an offer, you can put any contingency you want. However, it is HIGHLY unlikely the seller/bank will accept your offer with a contingency that you sell ... more
0 votes Share Flag Mon Feb 18, 2013 Home Buying in Burnt Store
Scott Godzyk, Real Estate Pro in Manchester, NH
Scott Godzyk answered:
Is it worth putting in a Backup offer on a short sale?
It could be a waste of time.... They can only send one offer to the bank for approval. The sellers bank first has to approve the seller to even complete a short sale and then has to app ... more
0 votes Share Flag Wed Mar 13, 2013 Home Buying in Frederick
Laura Lazar…, Real Estate Pro in New York, NY
Laura Lazar Kearns answered:
I am trapped in a short sale house that I don't know before.and have a highest offer with no response. ...
I am an expert in shortsales and would be happy to answer this for you but there isn't enough info...if you want to give me a quick call at 646 498 9302 or just give us all more details ... more
0 votes Share Flag Sun Feb 10, 2013 Home Buying in Bronx
Shanna Rogers, Real Estate Pro in Murrieta, CA
Shanna Rogers answered:
Bank Owned home
Hi pmarquart60,

If the bank has not accepted your offer in writing you do not have a contract yet. Have your Realtor do a withdrawl of offer before the bank accepts your offer in wr ... more
0 votes Share Flag Sun Jan 27, 2013 Home Buying in Port Charlotte
Suzanne MacD…, Real Estate Pro in Mount Arlington, NJ
Suzanne MacDowell answered:
I am buying a short sale house. PNC is the seller’s lender.
Short sales can take a very long time for the bank to approve. The seller also has to cooperate and sometimes they drag their feet. It is very frustrating and requires great patience. ... more
0 votes Share Flag Sat Jun 15, 2013 Home Buying in Jacksonville
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