Home Buying in 08037 : Real Estate Advice

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Jerry Barker, Real Estate Pro in Atlantic City, NJ
Jerry Barker answered:
help finding a mortgage
I work in and around Hammonton, and work directly with Mortgage reps that know everything about their business, please feel free to contact me and I can help get you on the right path t ... more
0 votes Share Flag Mon Oct 21, 2013 Home Buying in 08037
Karen W. Sal…, Real Estate Pro in Hammonton, NJ
Karen W. Salvo answered:
does a contract ever expire in a short sale?
Yes, depending what the Agreement of Sale states. With a short sale, a Buyer should always protect himself by stating a specific timeframe giving Buyer the option to cancel contract. Re ... more
0 votes Share Flag Sat Jun 20, 2009 Home Buying in 08037
Victor Kamin…, Real Estate Pro in Edison, NJ
Victor Kaminski answered:
can the mortgage co. be notified if a back up offer is higher than the submitted contract offer in a short sal
I think confusion may lie in how John's attorney's usually work by submitting an offer waiting for bank approval before starting attorney review

John said:
"if it is submitted, the ... more
1 vote Share Flag Tue Apr 28, 2009 Home Buying in 08037
Matthew & Ri…, Real Estate Pro in Northfield, NJ
Matthew & Richard Haviland answered:
should it take days,weeks,or months for an offer to purchase to be accepted or rejected in a short sale?
On Average it will take 90 to 120 days to hear back whether your offer is accepted or rejected in a short sale. If the short sale is already approved it can be much quicker but I would ... more
0 votes Share Flag Mon Apr 20, 2009 Home Buying in 08037
John Sacktig, Real Estate Pro in New Jersey, NJ
John Sacktig answered:
can you explain the procedure of a short sale as an interested buyer?
Banks look for the highest offer / best qualified contracts.

The bank usually either says yes, or no and typically there is no counter offer.

Depending on the attorney represe ... more
0 votes Share Flag Sun Apr 19, 2009 Home Buying in 08037
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