Rebecca Nierodzinski

Hi Nikki,

There isn't an active listing in the MLS for this address - The most recent listing sold in September of this year.

Are you interested in properties like this one - I can email you some listings if you would like to give me some information on what you are looking for.

Have a wonderful day! =) - Wed Nov 12 2008, 08:44

Hi Shayla - why don't you email me and I will talk to you some more about RD Loans. It will be easier.

My email address is: rebecca@adaprop.com

Thanks & Have a great day! - Tue Nov 11 2008, 18:56

Shayla,

The best advise I can give to you is find something to rent that you can easily afford with room in your budget to also pay down your debts. Many mortgage companies also have credit building programs that can help council you on improving your credit score.

If you like the Middleton area as well as other rural areas (including Star, Kuna, etc.), you might want to look for a mortgage company that offers RD (Rural Development) loans. Although you are still lower than the minimum credit score for an RD Loan - the minimum credit score is lower than other loan programs. There are also benefits designed to help lower income families.

Let me know if you would like for me to send you more information about RD Loans!

I hope this information helps you - Have a wonderful day! =) - Tue Nov 11 2008, 09:06

In the area and price range that you are requesting, there are 8 active listings, and 1 is specifically marked as a possible short sale. I don't think it needs to be a short sale to be a great deal the way the market is right now. As far as an acceptable % to offer on a short sale, I would really need to know more about that particular houses situation and where they are at with their negotiations with the bank to give you a suggestion.
I hope this helps, if you would like for me to email you some information, please let me know.
Have a great day! - Fri Sep 19 2008, 08:45

Scott & Kristine have already done a great job answering this question for you. #1) You really can't make multiple offers to a bank anyway. #2) The bank is not real hung up on the amount that you put down as long as it the amount that your lender requires down for the type of loan you are qualified for. #3) Short sales take a VERY long time, sometimes several months, and you aren't assured that it will close until it actually does. These work best for people buying investment property for this reason.

Just make your best offer and maybe you will get lucky. I recommend that you have your realtor discuss with the listing agent the stage in the process they are in with the bank. That may give you some idea of your chances with the bank. If you aren't working with a realtor, or if they are not comfortable with the short sale process - I strongly recommend that you find one that is. Let me know if you need any help with this.

BPO = Broker's Price Opinion. It is basically an appraisal done by a real estate broker. The bank already telling them they are willing to accept the listing price would be a good sign if you were planning on making an offer for that. Where you want to offer less will still cause you to go through the long process.

Good luck! - Thu Aug 21 2008, 19:23