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Foreclosure in Waldorf : Real Estate Advice

  • All133
  • Local Info12
  • Home Buying49
  • Home Selling17
  • Market Conditions4

Activity 6
Thu Aug 1, 2013
Miekeba Jones answered:
Hi Digitalarmsdealer, consult a Realtor and your lender to get an accurate current market price of the home. Keep in mind that when you do a short sale you will not have good credit for possibly 3 years. ... more
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Mon Feb 25, 2013
Akil Walker answered:
Yes, typically your lender will not provide a loan for more then the house appraised for.

Good luck
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Sat Feb 16, 2013
Geoffrey Grandison answered:
When you get in the purchasing a foreclosure or short sale game, your at their mercy of the bank. So if TIME is of any importance to you, purchase a property that is not a foreclosure or short sale. ... more
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Mon Nov 7, 2011
Akil Walker answered:
Hey Cheryl,

I would check with your lender to see if they a program for downpayment assistance i.e. CDA (community development assistance). Wells Fargo has a program for down payment assistance.

Good luck
... more
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Fri Jul 11, 2008
Bill Wootan's Team One answered:
Send me your email address and I will put you on our weekly investor mailing list - its free so it fits with your cheap - lol - and we have monthly investor seminars - again free, and if I get a sponsor, they feed us too! We deal in pre foreclosure, REO's and all the ways you can deal with banks! We teach you all for free - we just want your business and the business of your friends too!

Bill Wootan - Leader of Team One
Century 21 H T Brown Real Estate, Inc.
... more
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Thu Nov 29, 2007
Akil Walker answered:
Hi Lawana,

The short sale process timeframe can vary from property to property, lender to lender and thus from either the buyer or seller perspective.

if you list it for a short sale typically the bank or lender wants to see an offer. Some short sales are started before an offer is submitted and approved thus cutting time for a purchaser. If you are buyer submitting a short sale I would anticipate roughly 120 days or longer for closing. Sometimes they happen faster.

An offer is submitted and the seller agrees to the offer. it is then submitted to the bank for approval. They normally conduct a BPO for estimated value of the property. it is submitted to the bank/investor for approval.

Good luck
... more
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