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Home Buying in Fox Lake : Real Estate Advice

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  • Home Buying5
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Activity 4
Sat Jun 5, 2010
Richard Reid answered:
I'm not sure who's appraisal you are referring to. If it is an appraisal your or your loan officer are purchasing as part of a due diligence process for the purchase of a property, you should have access to the data within days, not weeks or months.

If you are waiting on an appraisal to be accepted by the bank holding the mortgage on the short sale side, you could wait a long time. I had an all cash short sale that took 4 months to close. It all depends on the processor at the bank and how backlogged they are.

If you need to close on a timeline, don't try and do it with a short sale or foreclosure. There is a high risk for delays. If it is a great deal and you can be patient, keep checking in, make sure all of the paperwork is complete and accurate, but be prepared for delays.
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Sat Jun 5, 2010
Balto answered:
Well, Gary has a good point. It is a short sale, it seems. Based on all the evidence, it must be. I think it shall be back on the market soon, only because it is a short sale, so the person wanting to purchase it will take a long time, and eventually give up. Trust me, my father is trying for a short sale. We are tired of this apartment we live in. He is thinking about giving up, since the bank will not comply with us to see if it is apprised, so we can move in already. ... more
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Thu Sep 10, 2009
David Merryman answered:
Since these are originally fed to this site from your local board (MRED) in Lake County and since they are active on that site you will need to go into Truilia and claim them again as your by following their simple instructions. ... more
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