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hanna7636
LIF Adult
Member since 8/06 921 total posts
Name:
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Short Sales
Is there a way for you to find out on the internet if a house is a short sale?
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Posted 11/16/09 5:56 PM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
Shroggie
Don't Worry...Be Happy
Member since 5/06 6261 total posts
Name:
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Re: Short Sales
I remember seeing some listings on MLSLI that were short sales. Sometimes it says it in the description. Maybe you can check there.
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| Posted 11/16/09 6:14 PM |
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8ternity
<3
Member since 11/08 10586 total posts
Name:
Formally NYPD-Wife
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Re: Short Sales
Also, if there are no pictures of the inside of the house it might be a short sale, but not all the time.
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| Posted 11/16/09 6:31 PM |
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MaZz
* Lovin my baby girl!!! *
Member since 2/09 6243 total posts
Name:
Gina
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Re: Short Sales
Check the mls # on redfin.com ... it always says whats a short sale/foreclosure/fsbo
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| Posted 11/16/09 7:27 PM |
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charon54
My two boys!
Member since 5/05 7279 total posts
Name:
Rebecca
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Re: Short Sales
Often www.ziprealty.com gives you more information on that type of stuff than mlsli.com. I like that site because you can search by street address too.
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| Posted 11/16/09 7:38 PM |
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HotAir
LIF Toddler
Member since 8/09 391 total posts
Name:
Lisa
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Re: Short Sales
Also, if a RE agent send you the prospect matches it usually says it in there.
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| Posted 11/16/09 10:09 PM |
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HotAir
LIF Toddler
Member since 8/09 391 total posts
Name:
Lisa
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Re: Short Sales
Are you looking to purchase a short sale? I was in the process of buying one and learned soooo much so if you have any questions you can FM me!
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| Posted 11/16/09 10:17 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: Short Sales
Posted by HotAir
Also, if a RE agent send you the prospect matches it usually says it in there.
in MLSLI it always says it in the agent view
but you can ususally tell - there are clues in the listing
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| Posted 11/16/09 10:20 PM |
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VirginiaDeb
Don't eat me, hippo!
Member since 5/05 9252 total posts
Name:
Deb
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Re: Short Sales
Whenever I looked at the info pages, the short sales usually said '3rd party approval required' or something along those lines.
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| Posted 11/17/09 4:54 AM |
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HeatherRose
Life is Good :)
Member since 11/07 6605 total posts
Name:
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Re: Short Sales
you can call the listing agent that has the house and ask
clues in the add that it *may* be a short sale:
no interior pics
sold in as in condition
bank owned
or it say subject to bank approval
if your using listing book, the DOM (days on market) is extremely high
but this is never a guarantee I would just call the listing agent and ask if the ad doesn't say it
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| Posted 11/17/09 11:56 AM |
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Lyssa
LIF Zygote
Member since 10/09 29 total posts
Name:
Lyssa
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Re: Short Sales
It does say in the RE Agent view which you do not have access to unless you are with an agent. As mentioned in other posts, there are usually clues...it usually says "Pending Bank Approval", "Third Party Approval Needed", "Priced Below Market"
With a Foreclosure you will see the words "Sold As Is", "Bank Owned" "REO". With Foreclosures there are usally no pictures of the inside, but short sales usually still do have pictures.
If you are serious about Short Sales, be sure to use a Short Sale attorney so that the process goes smoother. They are also so well versed they can tell you right from the begining if they think the Banks will go forward with the short sale. Be prepared to be patient...short sales can be a lengthy process.
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| Posted 11/18/09 10:47 PM |
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