Charita King

Realtytrac keeps old and new foreclosure listing for advertising purposes. The property you see in the website might be already sold months ago. There's a reason why they keep it there to attract subscribers.

Charita King
562-276-8681 - Fri Jul 4 2008, 01:06

Nessa,
No, it's not bad if you can wait. Stay motivated with your offer and ask your agent to keep checking. The more follow ups you do, the faster you get an answer. Get serious with your offer. Let them know this is the only property you want and you must have it.
Charita King
562-276-8681 - Fri Jul 4 2008, 01:04

Scott,
Short sale is usually priced below market because we know that the process takes time and by the time you have an approval, the value is already low. To be honest with you, you need an expert agent to monitor the value and fight for your offer. I am closing a short sale right now that that had an asking price of 350k in Norwalk, the listing agent told me that the bank had an appraisal and that they couldn't sell it for the price I am asking. I ran my own comps (CMS) and sent it the agent to send it with my offers. The next day I had an answer - my offer was accepted. If you put an offer on short sale, don't lose your interest. Ask your agent to keep checking to see if there's an approval. Not checking it for months probably let the other agent know that you don't want it anymore, therefore they need to keep doing open houses to get more offers.

Good luck,
Charita King 562-276-8681 - Fri Jul 4 2008, 01:00

Susan,
Open house is only good to attract potential buyers. Flyers and websites are ways to market yourself. The key to get rid of the listing is to price the property to sell. A little bit below than what everbody else is going is the best option so you don't chase the market.
Charita King
562-276-8681 - Fri Jul 4 2008, 00:50

George,
The only way to find out is to contact the bank you originally applied for a loan. Also, just to make sure contact the credit bereau to report the possible fraud. I hope you can track the guy who took your info.

Charita King - Fri Jul 4 2008, 00:38