This happens a lot not to minimize your problem, very sorry, honey. I'm a realtor thou I no longer work in the industry I may be able to offer some insight. Most likely, the homeowners were under water on the property in other words borrowed more on it than what was reasonable to sell it for then they get desperate and the bank gives them a little time to do what's called a 'short sale' at a discounted amount owed to the bank. What people don't realize is the bank often doesn't want to see the homeowner successful because they would like to foreclose on it, then give it to a real esate company that has been preselected by them and try to sell it for the full amount the original homeowners owe on it, often the original homeowners took out more than one lien on the property. So, you can expect that in about a month, you will see that property go up for sale by Harris Real estate or Harvey Goodman and they will lowball the purchase price to bait buyers to bid on it, then they will allow offers to pile up causing a bidding war which is really illegal, but ... They get more money in the end because there will be like 10 buyers vying for it. However, if your patient, do your homework, work with an experienced agent, are willing to go thru slot of red tape, you could still get your house. Just be ready to jump thru a lotof hoops and don't get discouraged. If your meant to have the home it will be yours otherwise, you will find another that often you'll be happier with. Hope I helped. God Bless and Best Wishes.... more
My husband and I have a 4 bedroom/ 4 full bath condo at University Commons Riverside in Star City. There is free parking, pool, basketball court, volley ball and outdoor grill. The condo has W/D, microwave, Air conditioning, wall to wall carper except kitchen.
We will rent with a 12 month lease. Security deposit required and $1,000.00 per month. If interested, we will be happy to show it to you.
Have you checked with a lender to see what you may qualify for or what you how you can improve your credit rating? Many lenders have programs that will help you get on track to purchase a home. Call me to discuss your options or email me at email@example.com. We will try to help you get buyer ready!... more
Desireable areas are all about personal preferences, budgets, wants, needs, lifestyle; therefore consider researching the areas of interest on your own, and take the time to visit more than once, then determine where your comfort level can be reached; don't simply just entertain what other people think or say, another's opinion may not be anywhere near the best thing for you.... more
Sure, that is possible. It may not be better than the rate you are quoted on a loan with 20% down, but it doesn't mean that it will be a bad rate. With less money down you also will have the additional cost of mortgage insurance.... more
Your contract will stipulate what are your options.
If you do not want to sell, just talk with your agent. If you are not under a purchase contract, no one can make you sell your home. However, the broker may impose penalties for breaking a contract early.... more