18336 : Questions & Answers

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Bill Eckler-…, Real Estate Pro in Venice, FL
Bill Eckler-Florida, answered:
Bid Question
Nick,

As Michael indicated, this sounds like it is heading the direction of a "short sale." Meaning the seller is approaching the bank to see if the bank will accept less money for t ... more
1 vote Share Flag Tue Sep 9, 2008 Home Buying in 18336
Greg Damis,…, Real Estate Pro in Philadelphia, PA
Greg Damis, Certified New Home Specialist answered:
Bid Answer?
Nick,
There could be several reasons the seller would go back to their bank prior to accepting the offer.
The Seller may owe the bank more than they might net from the sale. The Se ... more
0 votes Share Flag Mon Sep 8, 2008 Home Buying in 18336
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