Sorry I don't know why the first part of my question got cut ...
The last home that sold on that street was last month and was for $40,000 more than this home's asking price. Same development but slightly larger and remodeled. - Wed Apr 23 2008, 14:15

Question about buying a foreclosure.

Asked Mon Apr 7 2008, 10:02 by Christelle - San Diego - Foreclosure - 8 answers

Christelle answered:

Short sale fell through - the bank went with the other offer they had - apparently they had a much bigger down payment than us - we had only 20%. I am so bummed -it could have been a great deal for a great house :) - Mon Apr 7 2008, 17:54

I forgot to add question #6!
What is a fair offer price based on the listing price - below, above, right at asking?

7. We have 20% cash for downpayment for a home in our price range... do most people who buy foreclosures have more money or is 20% enough? - Mon Apr 7 2008, 10:04

What is the process with a short sale after the sellers accept the offer in CA?We recently put an offer

Asked Sun Mar 30 2008, 14:39 by Christelle - San Diego - Home Buying - 13 answers

Christelle answered:

Thanks for your responses. Unfortunately the same day the bank got our offer in, they made the decision to go with the other offer they had because it had a larger down payment (they had approx. 40% down vs. our offer only had 20% down)... sooo bummed! - Tue Apr 1 2008, 22:19

Thanks for your responses.

I guess what I am asking is, can the bank legally have two 'fully executed purchase contracts' for the same house at a time? Am I to assume the 'other' offer is just as comparable to mine? - Sun Mar 30 2008, 18:47

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Christelle

Offer on a REO...advice please.

Question about buying a foreclosure.

Question re: renting out our home.We are planning to rent out our home in the next few months in order to

What is the process with a short sale after the sellers accept the offer in CA?We recently put an offer

Offer on a REO...advice please.

Question about buying a foreclosure.

What is the process with a short sale after the sellers accept the offer in CA?We recently put an offer

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