Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Foreclosure in Southampton : Real Estate Advice

  • All16
  • Local Info0
  • Home Buying5
  • Home Selling0
  • Market Conditions0

Activity 1
Tue Oct 19, 2010
Alan Openshaw answered:
Hello Andrew,

Having successfully negotiated short sales with banks I can tell you what the bank is looking for in terms of price. They are looking to recoup a minimum of 85% of their perceived market value. The question is what is their perceived market value. It is usually provided by a Realtor who will provide to the bank a Brokers price opinion. Your realtor should be able to meet with the banks realtor to show them the house and exchange information so that you are providing the right facts to the bank. If your realtor knows the market then chances are that you can get at least a 15% discount to market.

Alan Openshaw
... more
0 votes 8 answers Share Flag
Search Advice
Foreclosure in Southampton Zip Codes