Withdraw Short Sale All Locations : Advice

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Robert Mcada…, Real Estate Pro in Branford, CT
Robert Mcadams answered:
how to find and choose a buyer's agent?
It's always a good idea to get a referral from a family member, co-worker or good friend that has had a great experience with a realtor. You may have different realtors for differe ... more
0 votes Share Flag Wed Aug 22, 2012 Home Buying in 07030
Laura Coffey, Real Estate Pro in Santa Clarita, CA
Laura Coffey answered:
what does status pending show mean?
It means they have a contract, have opened escrow, and are not taking back up offers.
0 votes Share Flag Sat Nov 10, 2012 Home Buying in 94066
Marge Bennett, Real Estate Pro in Fort Myers, FL
Marge Bennett answered:
On a short sale after an offer is made who pays for the apprasil? Once offer is sent to the lien holder ca ...
there will likely be 2 appraisals, one the bank does to set their value on their asset which they pay for and the 2nd the one you pay for if you are getting a mortgage to set the value ... more
0 votes Share Flag Sat Mar 3, 2012 Home Buying in Albuquerque
Isom Coleman, Real Estate Pro in Sacramento, CA
Isom Coleman answered:
Can I get deposit back on short sale?
From the information you have given, I believe you are entitled to your deposit back and can start looking for another home. I would ask your Realtor to review the contract and forms y ... more
0 votes Share Flag Tue Oct 25, 2011 Home Buying in Springfield
Scott Godzyk, Real Estate Pro in 03109
Scott Godzyk answered:
contract for buying a house is sent to bank now what do i do
It depends what it was sent for, if it was sent for short sale approval the process could take 1-6 months depending if the short sale package was complete or is missing anything. The be ... more
0 votes Share Flag Wed Oct 19, 2011 Financing in Pennsylvania
Peter, Home Buyer in Los Angeles, CA
Peter answered:
Is it legal to submit offers for a REO property and a short-sale property at the same time?
FYI, the short-sale price has been approved by the lender which is Wells Fargo.
0 votes Share Flag Tue Oct 25, 2011 Home Buying in Los Angeles
Kimberly Cam…, Real Estate Pro in Shelton, CT
Kimberly Camella-Roy answered:
I made an offer on an AS-IS property
As long as you have an inspection contingency in your offer, you are covered.
so if during the inspection time frame, you find that something is not to your satisfaction, you can withd ... more
0 votes Share Flag Fri Oct 7, 2011 Home Buying in Shelton
Greg & Lisa…, Real Estate Pro in Danville, CA
Greg & Lisa Doyle answered:
if a buyer puts in a short sale offer well below asking, all cash, as is, and it takes 4 months for final app ...
Hi Isam,
Yes, the buyer can change their minds even without loss of the deposit if they've not removed all of their contingencies. Usually, the buyer doesn't do any inspecti ... more
0 votes Share Flag Wed Nov 2, 2011 Home Buying in Oakland
J, Real Estate Pro in Greensboro, NC
J answered:
how long does it take to get government lien released?
I was involved in a similar short sale option while working with a seller. As I represented the seller, it took a couple phone calls to negotiate the lien down by 85%, and to get the r ... more
0 votes Share Flag Thu Nov 21, 2013 Home Buying in 95382
Richard , Real Estate Pro in Beverly Hills, CA
Richard answered:
Anyone know of a lender that has exp in lending to Australian Non Resident Alien in LA? I have 30% dep for $700k home & high income ($100k ).
I have several references. Give me a call and I would be happy to both refer and assist you in finding your next home.
0 votes Share Flag Wed Jan 30, 2013 Financing in Los Angeles
Elias Anguia…, Real Estate Pro in Vacaville, CA
Elias Anguiano answered:
Can I fund my FHA loan with $14,000 worth of "negotiation fees" on a 400k house. These fees are to be paid to escrow
Your seller's credit can be used for down payment but yet can get most of the down payment gifted from a relative..You have to use ant $1000 of your own money on a FHA..
0 votes Share Flag Fri Jan 27, 2012 Financing in 92656
Christine Se…, Real Estate Pro in Davenport, FL
Christine Selzler answered:
Why does 95% of homes for sale have short sale with contingent?
Hi Gary

I am not sure what you mean with your question, but if you are looking at a listing and it says there is a 'Short sale contingency', it means that the home is for s ... more
0 votes Share Flag Tue Oct 4, 2011 Home Buying in Cape Coral
Marge Bennett, Real Estate Pro in Fort Myers, FL
Marge Bennett answered:
Why did the Realitor have us rush an offer before the short sale expired? Could we have waited untill af ...
Heather,
what do you mean before the short sale expired? Had the bank approved a price if the deal closed by a certain date? Was the listing about to expire? Was it set to be foreclose ... more
0 votes Share Flag Sun Sep 18, 2011 Home Buying in Myrtle Creek
Oggi Kashi, Real Estate Pro in San Francisco, CA
Oggi Kashi answered:
What does active contingent mean?
It means the listing is currently active but in contract with a buyer.
0 votes Share Flag Tue Nov 4, 2014 Home Selling in 60610
Mark and Kari…, Real Estate Pro in San Diego, CA
Mark and Kari Shea answered:
we are pre approve for a loan, we saw a house we like, they won't show the house unless we summit a bid.. is that how it works?
Hi Karla,

Unfortunately, some sellers require that you make an offer to see the home.

Your agent can craft the offer so you have an out if you do not want to purchase.

Best of ... more
0 votes Share Flag Wed Sep 5, 2012 Home Buying in San Diego
Abu Musa, Real Estate Pro in Kensington & Parkville...
Abu Musa answered:
I own a condo which I want to sell so I can buy a house. Should I wait unit I sell the condo before I should start looking for a house?
If I were you I would sell first.So I could find out how much money I would be able to spent for my purchase.Thank you.
0 votes Share Flag Fri Jul 5, 2013 Home Buying in San Leandro
Shanna Rogers, Real Estate Pro in Murrieta, CA
Shanna Rogers answered:
What happens in a short sale once you've shelled out $1,000 for a deposit for one house, then find anot ...
Hi Bev,

If you don't have approval from the lender on the property you have the deposit on, you can withdraw your offer and get your deposit back. Of course, you would only do ... more
0 votes Share Flag Tue Aug 30, 2011 Home Buying
Joe Cusumano, Real Estate Pro in Riverside, CA
Joe Cusumano answered:
Short sale - seller backed out, one day before closing
I would send them a notice to perform first. That will start the clock. I think you can get an answer if you put pressure on them. I would also have your broker call their broker and ... more
0 votes Share Flag Mon Aug 29, 2011 Home Buying in Fremont
Linda Cefalu, Real Estate Pro in Franklin, WI
Linda Cefalu answered:
What is a reasonable amount of time to expect a bank to respond to a bid on a short sale?
The answer lies in the purchase contract that you signed. Do you have a binding acceptance date? Are you working with an agent?

One month is not an unusual amount of time to pass ... more
0 votes Share Flag Fri Jul 26, 2013 Home Buying in 28465
Joe Cusumano, Real Estate Pro in Riverside, CA
Joe Cusumano answered:
Is it wrong to end your professional relationship with your agent after you have given him a year to sell your house and then to switch to a new?
It depends on why it has not sold it but if the listing is up and you don't like the plan he put together then go make the move. That is why lisitng agreements have end date. It do ... more
0 votes Share Flag Sun Mar 25, 2012 Home Selling in Seal Beach
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