What happens if a bank accepts an offer but rates have gone up significantly? Can you counter offer with a lower price? Will it jeopardize the closing?
Yes, it may cause ...
Read more..A commonly asked question is, Can a Buyer back out of escrow prior to receiving written letter approval from the lender?
If you included a Short Sale Addendum (make sure you ...
Read more..It's very important not to get your earnest money tied up into a short sale for a couple of reasons: you'll lose interest on your money for 2 to 3 ...
Read more..When making an offer on a short sale, it is very important to give flexibility to the short sale buyer to back out of the purchase agreement if the lender ...
Read more..Short Sales can taken an awful long time to complete, making it frustrating for both the buyer and seller involved in the situation. Many sellers and buyers of short sales ...
Read more..Why Do Banks Short Sale?
The property is in a poor condition
The mortgage is about to be foreclosed upon
The homeowner has proven hardship and has shown they cannot afford the mortgage ...
Read more..There are quite a few short sales and foreclosures occurring across the country and is affecting not only starter homes but million dollar homes as well. Many homeowners are looking ...
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Short Sale Sellers