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Trulia Voices!
I believe Joe is correct. If you hold the deed in your name, and you have not received a notification of Forclosure Auction from your lender, you are probably OK. But if you "refinanced" and signed over your deed, or significantly changed the agreement with your lender--perhaps making you a tenant at will--you may be a victim of a shady lender.
You might call your local "public defender" for a review of the paperwork. Start by checking with the County Registrar of Deeds, they are not as busy today as they were a few years ago and may well give you the advice and assistance you seek,
Dane Hahn - Sat Nov 15 2008, 07:30
Hi Michael,
You liked the house well enough--after walking through it--to make the offer you did.
I am sure you can recind your offer, but are you actually unhappy with the home, or do you feel you are being overcharged.
Many people have no concept of square footage. But when they like a house they buy it.
If the home right for you and your family--and is worth the money you offered--what's the issue?
Dane Hahn - Wed Nov 12 2008, 16:58
Hi Jocelyn,
It's a shame to have to ask this question to the general public and the Realtors at large. I wish that you had more confidence in your Realtor, and could trust his or her advice.
Yes, price does cure all real estate ills. You will be able to sell if you lower your price, and Thank Goodness the election is finally just next week. The question is, what's the right price? And 95 days is not the longest time to sell a house, in fact it's unrealistically short in this market.
Bottom line is that WHEN the price is right, AND a buyer is ready, you WILL sell the house.
You can always DUMP the house by underpricing it, but that is foolish and will not serve either your purposes or those of your Agent. Good Luck with the sale.
Dane Hahn
603-566-5460 - Thu Oct 30 2008, 09:13
Since I answered your question last January the financial market has truely melted down. Still, if you have a good credit score, and perhaps a bit of a downpayment, (say 3%) you will have some success. But 100% financing is probably not in the cards for most people just now.
Dane Hahn - Thu Oct 30 2008, 08:38
I'll have to agree with Scott, the brunch is designed to get agents into the house--it is unlikely that it will help sell the property. I can't recall a time that Lobster Rolls ever did the trick. Cut the price, get it listed in the MLS with a Realtor and hope for the best.
Dane Hahn - Thu Oct 23 2008, 19:10
MBA (Master of Business Administration)--Syracuse University. My major course of study was marketing and I have used the systems and knowledge I acquired at Syracuse throughout my career. Marketing is how we sell homes and I bring a level of expertise in that to my clients.