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Home Buying in Union Grove : Real Estate Advice

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Activity 5
Sun Jun 3, 2012
Tim Moore answered:
Not sure what you're asking. Accord? I am not sure why a listing agent would require to be present for a showing when Fannie Mae is the owner. Often Fannie Mae has special keys installed or they want the listers to use a special combo lockbox but I have never seen a lister needing to be present. maybe just a control freak Realtor. ... more
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Sat Aug 1, 2015
My NC Homes Team answered:
Yes. Typically this is not the listing agnets choice, but rather a requirement of their seller.
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Sun Apr 12, 2009
Vicky Chrisner answered:
Nm82 - generally, yes, there is a prohibition against this. But, consider calling the trustee listed for the foreclosure. You should be aware of how auctions typically work. Generally, the bank will bid what is owed to them, which is generally more than the property is worth, so you'd probably end up overpaying dramatically for the property. See the post below. ... more
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Sat Apr 11, 2009
Nm82 asked:
Based on the same circumstances, as being a relative of the seller of the short sale home, if the home is scheduled to go to auction at the end of this month, are we still prevented fro...
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Sun Apr 12, 2009
Lori Jeltema answered:
Nm,

I don't think that being a cousin is a protected class. You can consult an attorney of course but it appears that you are referring to an 'arms length' exclusion. The sale is supposed to occur without any influence of family, etc., I've seen listings where the seller has the listing put right in the listing 'uncle joe smith is excluded from being able to purchase the home' etc.,

A 'non arms length sale' occurs when the buyer has influence over the sale. Sorry that the house you want may not be available to you. A lot of these situations happen because, at the end of the day, the people involved with the sale and the banks do not want any scent of an unfair arrangement.

Haven't been in UG for years, grew up in Bristol....
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