I have been looking (online) at some houses in an Austin Texas neighborhood.
I have noticed multiple houses say “short sale, bank approval required”.

I know this means that the house is selling for less than is owed to the bank.
Do banks tend to approve these?
Should I be weary of buying such a house?

These houses also seem under-priced compared to other houses in the same neighborhood that are the same size.

We have been in a short sale since Aug. The listing agent said that the bank declined the short sale package around two weeks ago. He said that they were having a lawyer work on it. What does this mean and is it possible that the short sale will get approved? Or should I lose complete hope that my dream home will be mine?

question # 1
if i purchase a condo via short sale ” already aproved by bank”, and the price is $100,000 and the assesed price is 200,000 does this means that the equity in the property is $100,000?

2. how long would i have to weit in order to be bable to take out equity.
is there a waiting period?

could you explain how equity works in this case?

1. This REO bank owned house, listing $350K and the bank would propably go for $300K after the negotiation. There maybe a way to push the price to as low as $280K.

2.There are a lot of interiors to be repaired or upgraded. The observed areas to be worked are: Kitchen, Bathroom, Air condition, Floor, Fences, Windows/doors, and paint. The total estimated costs of all would go somewhere from $35K to $50K. However, there might be some hidden costs after inspection (not certain). There is a chance that final repair costs could be more.

3. This house has been listed in the market since Sep’07 (4 months by now).

4. The prices of Comps in the area range from $320K to $450K.

5. It’s a Single Family Resident house.
I’m planing to live in it, not flipping or renting it out.

1. This REO bank owned house, listing $350K and the bank would propably go for $300K after the negotiation. There maybe a way to push the price to as low as $280K.

2.There are a lot of interiors to be repaired or upgraded. The observed areas to be worked are: Kitchen, Bathroom, Air condition, Floor, Fences, Windows/doors, and paint. The total estimated costs of all would go somewhere from $35K to $50K. However, there might be some hidden costs after inspection (not certain). There is a chance that final repair costs could be more.

3. This house has been listed in the market since Sep’07 (4 months by now).

4. The prices of Comps in the area range from $320K to $450K.

5. It’s a Single Family Resident house.

My brother found that he LOVES to write so we wanted to get some others opinions, please let me know what you think. I’m sure he would like to get some of your opinions. If you would like to read more let me know and I will send you some more Thanks for your time.

Robert Salvatore woke up to what felt like a normal day in Xenon city. A cold, dark city made completely of steel and computer technology. During a Xenon winter, the temperature could drastically change from fifty degrees below zero, to one hundred and eighty above.

He awoke to the crisp, cold, metallic air beginning to cycle through his estates oxygen filters, but he did not mind the metallic air; he had been exposed to it since he was a very young boy about the age of three. Robert tapped a flat-screened button on a panel in front of him. The bed, a sleeping capsule, slowly ejected from the wall and tilted forward for him to step out.

His home didn’t seem like it normally was. There was no smell of the androids, which every morning cooked him his food and brought it up to his room. It was hard to come by “real” food in Xenon anymore; it was all simulations and meal capsules now. Robert was rich. He had shimmering, wavy black hair with which he combed to the right. He had pale, silky white skin which seemed to glow like the moon in the dark night sky, and deep sky blue eyes, which were cold and seemed full of hate, As if he had been through much pain and suffering, causing his soul to be numb.

Robert Salvatore used to be a police officer in Xenon, a high-ranking police captain. He resigned due to cruel laws being passed that sickened him, and that would sicken anyone to see what the XCPD had done. The police officers were trained to their breaking point. They had no emotions anymore; they would arrest people within 15 feet of the police department prison stairs, they would murder someone whom was “too close” to them, or the chief. The chief, a tall, slender man about the age of 29, whom went by the title “lord” Arcus, was a cruel, harsh man. He was once a friend of Robert’s but a tragic incident happened in the marketplace one day, about two years before Robert’s resignation, where his parents, siblings, and friends were all killed during an invasion including two of Xenon’s biggest gangs. That is why Lord Arcus was such a cold, cruel, hateful man.

Upon Robert’s resignation, he solemnly swore to oppose the Xenon police. He smuggled out 150 cargo crates of high-ranking police equipment to bring to the rebel bases in the lower levels of Xenon. He sold most of the materials. He sold what ever he had in the stock market, supplies he no longer needed, and pieces of furniture and weapons he had crafted and produced himself. He paid for many years of education with the money he had earned. He learned advanced medical procedures, carpentry, programming, gunsmithing, merchanting, mechanics, and many more skills such as advanced math, etc. and quickly became the richest, most intelligent man in Xenon city.

Although he was extremely rich, he wanted more in life; much, much more.
He knew of a mine full of gold, possibly billions of dollars worth just past the police station and down the road next to it. Was he going to risk being caught near the mine and possibly get arrested? Or would he sneak out after the ten o’clock curfew set by police? The most dangerous time of the day; night, in Xenon was full of bandits, assassins, other rebels, and animals even the most powerful of police could not come to capture.
Robert decided to go and attempt to get into the mine during night. Despite the risk of being mugged, or possibly killed during pitch black of night, He knew that during an Xenon winter, nobody would ever want to go out during night anyway. The temperature on a Xenon winter’s night could reach two hundred degrees below zero. Everybody stayed inside with the nuclear heating to keep warm, and if someone did not have a home, they would go into the Xenon subway tunnels and bundle up next to a barrel they would build a fire in. Robert also knew that he could keep warm with his white silk suit with thermal plates build into it would keep him alive in the cold night air and also help him blend into the snow.

Robert just had to figure out how he was going to get into that mine. Two weeks after the first tunnel had been dug, leading to a big underground cavern, the walls covered in ice and the miners had to leave until it heated up. That night however, a rock slide appeared in front of the mine and blocked anyone from getting in. The police would not assist either, because the excuse that they were “protecting” the citizens of Xenon.
Robert knew that this was even more of a bonus. Nobody was able to get into the mine, so nobody else would be at the mine to risk meeting. That meant that there was also generators and heaters in the mine and he could keep himself warm for a long time with them. That is, if they have any fuel in the

1. Official record: 1bedroom/ 0.75 bath (shower+toilet), the back patio has been converted to a bonus room and used as a second bedroom (small).
2. 720 sq ft indoor, 2040 lot sz. Built in 1915, very well maintened. Previous owner did put a lot of interior upgrades with new appliances and new paint. It’s in move-in condition.
3. It’s a Bank-owned REO property. The previous owner’s unpaid mortgage balance to the bank was $359K. Listing price now is $380K. The comps in the area is about $425K to 475K.
4. Located in a very good neighborhood in Los Angeles. Close to freeway and shopping. School district is just ok, not excellent.
5. Officially, only one parking space available (not a covered garage). Street parking is not a problem.
6. Just listed in the market for 7 days.
7. Buyer would like to pay 20% down, and the credit is excellent.

How much do you think this house is worth?

I have a contract signed for a short sale. real estate agent said the banks handed over the sale to there lawyer. What does this mean. Can’t seem to get a answer.
I am trying to buy this short sale

Who can I report this email to…
Dear friend,

How are you and your family? Hope all is well.

My name is Sgt. Barry Maurice Jones; I am an American
soldier, serving in the military with the army’s 3rd
infantry division. With a very desperate need for
assistance, I have summed up courage to contact you.

I found your contact particulars in an address journal on
the internet. I am seeking your kind assistance to move the
sum of US$8m (eight million United States dollars) to you ;
as far as I can be assured that my share will be safe in
your care until I complete my service here.

Source of money:

Some money in US dollars were discovered in dog kennels at a
farm house and guest houses in an estate near one of
Saddam’s old palaces in Baghdad, Iraq during an operation,
and it was agreed by Staff Sgt. Kenneth Buff, Sgt. 1st Class
Daniel Van Ess and I that some part of this money be shared
amongst us before informing anybody about it. Since both of
them saw the money first, they did the informing, while I
played the outsider to protect our interest. This was quite
an illegal thing to do, but I tell you what? No compensation
can make up for the risk we have taken with our lives in
this hell hole, in which my brother in-law was killed by a
road side bomb last time. You will find the story of this
money on the web addresses below:

http://www.right-thoughts.us/index.php/weblog/comments/the_first_thing_you_know_ol_saddams_a_millionaire/

The above figure was given to me as my share, and to conceal
this kind of money became a problem for me, even after the
initial probe of all soldiers of our command which I was
cleared from; so with the help of a British contact working
here and his office enjoy some immunity, I was able to get
the package out to a safe location entirely out of trouble
spot. He does not know the real contents of the package, and
believes that it belongs to a British/American medical
doctor who died in a raid here in Iraq, and before giving
up, trusted me to hand over the package to his family in
United States. I have now found a much secured way of
getting the package out of Iraq to the country for you to
pick up, and I will discuss this with you when I am sure
that you are willing to assist me, and I believe that my
money will be well secured in your hand because you have the
fear of God.

I want you to tell me how much you will take from this money
for the assistance you will give to me. One passionate
appeal I will make to you is not to discuss this matter with
anybody, should you have reasons to reject this offer,
please and please destroy this message as any leakage of
this information will be too bad for us soldier’s here in
Iraq and tarnish the reputation of other services men. I do
not know how long we will remain here, and I have been shot,
wounded and survived two suicide bomb attacks by the special
grace of God, this and other reasons I will mention later
has prompted me to reach out for help, I honestly want this
matter to be resolved immediately, please contact me as soon
as possible with my non-service private email address which
is for now my only way of communication until I specify
otherwise –
you can reach me on sgtbmjones@gmail.com

God bless you and your family.

Sgt. Barry Maurice Jones

sgtbmjones@yahoo.com.hk
Ohhhh I didnt answer it, but I reported it to yahoo and marked it as spam and I still get everyday from “him”
Im not stupid, I would never give anyone any info. I just want the damn emails to stop…no matter what I do I just keep getting them…

Friday, September 29, 2006 — Time: 10:16:27 AM EST

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Mother seeks $100 million in son’s death

By Phil Ray, pray@altoonamirror.com

HOLLIDAYSBURG — The mother of a man killed in a triple homicide last year plans to sue the federal government for $100 million, court documents state.

Sandra Miller of Altoona is the mother of Stephen Heiss, who died Aug. 28, 2005.

Miguel Padilla was convicted and received death sentences this month for killing Alfred Mignogna, owner of the United Veterans Association building; Fredrick Rickabaugh Sr., UVA doorman; and Heiss, a patron.

The jury wasn’t told that Padilla is an illegal alien.

The civil lawsuit notice, filed by attorney Art Cohen of Hollidaysburg, blames the U.S. Department of Homeland Security and U.S. Immigration and Customs Enforcement for allowing Padilla to remain in the United States.

Padilla, 27, came to America as a young boy with his mother and brothers to escape an alcoholic father.

He graduated from Penn Cambria High School but never became a U.S. citizen.

He was involved in a stabbing incident in which the victim was his then-father-in-law.

ICE never took Padilla into custody or attempted to deport him.

U.S. Rep. Bill Shuster, R-9th District, spoke of the case on the House floor, saying ICE did nothing about Padilla.

Most of the money sought is for punitive damages because the government did not take any action that could have prevented the homicides.

An attorney with ICE declined comment Wednesday. ICE has asked Cohen to provide it with more details concerning the Padilla case.