Either or is fine. I think that it would be helpful if you seek the services of a local Agent or Broker in the area as well. They can search what is available on the MLS and also research the owners info on the tax roll for you if you do find a home that is being managed by the owner just to make sure that you are dealing with the right person. A broker can minimize your chances of being taken advantage of by some sort of scam online.
All the best,
Coldwell Banker Star Realty
BRE Lic #01456982... more
If your lender approves a short sale on your home and accepts less, they may forgive the balance due or issue a deficiency judgment against you for the balance. In addition if they forgive the balance, the IRS may tax you on what the bank forgives. We are not tax experts or attorneys and can't give advise on these issues. Contact an attorney and tax expert in your area before entering into a short sale for guidance.
All the best,
Not enought info here to give you a good answer. Are you in the HAFA program? If you are and you move out they will remove you from the HAFA program. Do you have an approval letter yet on the short sale? Discuss this with issue with your listing agent - they should be able to answer your questions.... more
Yes. Unless you (or your brother) can pay the deficiency and bring the loan current, you have to move. That is, the bank has the right to foreclose, and apparently intends to do so. Cash for keys at least gives you something. Take it, and find some other place to live. If you decline, they'll foreclose anyway and you'll receive nothing.
Hope that helps.... more
The carbon monoxide detectors are required by the State along with some other minimum requirements. Your agent is most likely not actually giving you the run around but perhaps isn't an excellent communicator. Ask your agent to explain everything that is required of you as the seller. Read over your contract, it should be spelled out in there.
I highly suggest you just search "Asset Managers" on Linkedin. You'll be surprised by how many are easily accessible there. Create a very thorough profile as well for your self so they know who is contacting them.... more
Gris, agents cannot provide comments on this topic due to "steering" laws; however, you can do your own research using the following sites:
Best, Steve... more
If this is a short sale or REO you might have a chance. Most Short Sale or REO lenders are letting their agents know to continue marketing for offers in this markets "distressed atmosphere". I would recommend coming in with cash or a pre-approval(not a pre-qualification).
Highest offer doesn't always mean best. There may have been other factors as to why the bank would choose another offer over yours.
Stay in contact with your agent & the listing agent & keep your offer ON the table. This other buyer may back out or financing may fall through or maybe, like I experienced recently the Feng Shui doesn't work & they back out & you get it.
It is unlikely the appraisal value will be affected by the ommissions. Do not be concerned as the lender will give no value to appliances and upgraded carpet anyway! The appraisal will come in at the purchase price OR value WHICHEVER is LESS!... more