I have found some houses that are currently bank owned (I assume a REO). I have found these through a site that lists pre-foreclosures, foreclosed houses up for auctions, and bank owned properties…
But it won’t list the address, or anything about when the auctions are, and I have no idea who to contact if I am interested in this house without paying for the service. Are these records listed for free anywhere? Can I go to the cityhall of the city the house is in? Do I have to go to each bank to find it out?
Last year I attempted to purchase a house that was up for short sale. The owner accepted my offer but the bank denied the short sale. Now the owner has stopped making payments and we are trying the short sale again. I am willing to pay the appraised value for the home. What determines whether or not the bank will give the thumbs up or down on the short sale? Is there anything I can do as the buyer to help the process go through?
While we were looking at paying cash on a short sale house, the bank pre-approved an offer for a “wholesaler”. The “wholesaler” is now looking for a cash buyer before closing. The house has no leins and all taxes are paid up… what is the usual time frame the buyer (or the wholesaler in this case) has before the closing? In other words, how long does the “wholesaler” have to close the deal after the bank has approved their short sale offer? If we made a cash offer to the “wholesaler”, would it be best to complete the cash transaction through a title company and title attorney?
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i found a house i would really like but its only listed a $2,300. which makes no since it is assessed at around $120,000. i would be more then willing to pay about 80,000 for it but i don’t want to offer that much and find out i could have bought it for less
The listing agent finally got an approval for our offer on a short sale. They actually countered our offer and the only changes on the counter offer was a different closing date (we had Feb 15 and they put March 21). We are still awaiting approval for the second mortgage to be signed off (it with Old Republic). Will they require any money to sign off on it? And also why would BAnk of America counter with a different closing date???? Does all this sound promising that we will get to closing and get the house of our dreams???
My husband and I just put a contract on a short sale home. The short sale has already been approved by the bank. What does that mean? The listing price was 185,000 a week ago and just dropped to 175k. The house has only been listed for about a month. We made a offer of 186 with 6 percent closing help. We basically gave the bank the exact listing price of 175 but added more to conteract our need for closing help..what do you think? Also do you think this will go quicker than a regular short sale because its been approved by bank..how long?
The seller has already accepted our offer and now it’s going through the bank it’s been about 2 weeks how much longer do we have to wait to for the bank to accept our offer, also is the cash going to speed up the process or will it not matter?
The price the house was listing for has been bank approved, i’m not sure about the lenders but i’m guessing they approved the price too.
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