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Home Buying in River Grove : Real Estate Advice

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Activity 7
Wed Jun 26, 2013
ahoskot asked:
Wed Apr 10, 2013
Loramarie1025 answered:
Fri May 27, 2011
Anthony Cavalea IV answered:
In this situation, most likely the seller is negotiating another better offer and you've been put on ice pending that outcome.
0 votes 3 answers Share Flag
Sun May 1, 2011
Gerard Carney answered:
You sent, you don't have a Realtor working on this?
You can wait for virtually forever, banks take there time, and many times they will still come back with a non-acceptance of your offer. The asking price on a short sale is not alwats an acceptable amount to the bank. The listing Realtor made that price and many times the bank has never seen that listing price until someone makes that offer to the bank and the bank says three months later, no that is not enough. They will not give a counter offer, so now you have to figure out what is a price they will accept. This can go on for a while and then at any time the bank can turn around and just continue to foreclose on the proprty and take ownership ... more
0 votes 11 answers Share Flag
Tue Sep 29, 2009
Laura Karambelas answered:
It depends on the bank. Unfortunately, there is no standard time. Short sales are usually taking much longer than foreclosures. One of the banks I am dealing with now (bank owned, not a short sale) should have an answer within 48 hours.

I hope this helps!
... more
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