Handyman Special located in the village of Millbrook.

I offered the exact asking price listed. Hoever, what are the chances of the bank accepting this offer? Are my chances higher if the home is already empty? Please let me know thanks!

The house is owned by CHASE, asking price is 75,000. I made my offer today, I was pre-approved through them (chase) for 79,000 plus I am putting 10% down and offered to pay the closing costs. There are three other offers on the table, is mine competitive enough?!
I really have my heart set on this house

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Husband lost his job in Dec. Just had a baby in Dec. Prop is investment property in FL with tenants who if approved want the short sale. Property tax …. to pay or not to pay in light of short sale or foreclosure? Also .. Any advice on how to get Chase to lean toward short sale?

This takes place in Virginia. The buyer agrees to a price with the seller in cooperation with the lender. The buyer signs the agreement. The seller submits the paperwork to the lender (a very large well-known bank) and receives a letter approving the short sale. The seller signs the agreement. Next day the bank says another $30,000 or the deal is off. Any advice?
In the letter the lender wrote to the seller, the lender agreed in writing to release the lien. I think that’s all I need the bank to do and they agreed to do it.

I bid on a townhome on March 31st. It is now May 4th. There were two other contracts on the townhome besides mine - but I was the highest bidder and I have really good credit. We are still waiting to hear from the bank on who is approved. I know nothing about the home buying process let alone the short sale process, which I heard can take months. How much longer am I going to have to wait to hear anything from the bank/seller’s realtor? I’m scared because I have a lease on an apartment that will end in the next few months! Originally the seller’s realtor said we would hear back by the end of April but she has still not responded yet. Also, if they tell me that I am approved for the home, I then have to put in a loan application - so how long will it take after I do that? Thank you!!
Just after I posed this question, the seller’s realtor called my realtor and said that the bank wants to order a BPO and that we would have an answer on who won the townhome by the end of the month…and also that we would have a closing date by the end of the month. Does anyone know anything about BPO’s? I know they are like appraisals of the property - but if the apprasial comes back more then I bid, would they then counteroffer or how does that work? Thanks!

Bank Repossessions Hit Record High
Foreclosure-Support.com, a market-leading source of foreclosed home listings and foreclosure market analysis, reported today that bank repossessions during the second quarter of 2010 topped out at 269,962 properties, the highest ever quarterly total since the foreclosure crisis began.

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I understand the bank can take months to accept/counter-bid your offer. But after a price is accepted, is the process expedited in generally the same amount of time of a non-forclosure?

we found a home that has been foreclosed for over a year now, the bank is not currently trying to sell it but the transfer value is so lo because the previous owners had their mortgage mostly paid off should we make an offer?