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Foreclosure in Willingboro : Real Estate Advice

  • All67
  • Local Info6
  • Home Buying35
  • Home Selling1
  • Market Conditions6

Activity 3
Wed Sep 23, 2015
R. Eric Axelson answered:
Hi Patricia, first let me say that I am sorry for your loss. Why did the bank deny the short sale? Did they say you weren't a candidate because you made too much? Meaning, did they deny your hardship? Or did they simply deny the offer.

In any event, all you have to do is call your contact at the bank and have them move info the deed in lieu department (different than the short sale department).

Hope this helps.

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Sat Apr 21, 2012
Ines De La Cruz answered:
Hello Pedney1947,
Thank you for your question.
In Northampton Dr. Willingboro there has been 2 sales within the last 6 months. One sold for $144,500 and with $4000 towards buyers for concessions and the other sold for $159,000 and the seller gave to buyer $5000 on concessions.
In the Garfield Parks during the same period sales have being between $55,000 to $180,000. All this according to the style, terms and condition of the homes.
Hope this helps you. Let me know if you have any other questions.
Ines De La Cruz, Realtor ABR
RE/MAX Connection
Text HOMES2u to 87778 to download my free home app in your smart phone.
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Fri Aug 12, 2011
terryriw53 answered:

What answer are you looking for? Are you looking for a guaranteed accepted offer? There isn't any. Each offer is unique and each one is reviewed. The short answer is that banks will accept the closest offer that they get to whatever appraisal values they got on the property in question. And the term "closest offer" is relative to the specific loss mitigation analyst handling the property.
So, if you're looking to buy foreclosure properties and you want to pay the ABSOLUTE minimum amount, your guess is as good as anyone elses. Remember, the banks will try to get the maximum amount for the property that they can and they are not emotionally tied to the property.
Also, I've had investors make offers on properties that was rejected by the bank and then about 2 months later they accepted another offer that was slightly lower then my investor made originally. Who can figure what they want?
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