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QUESTION ABOUT SHORT SALE
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Mrs213
????????
Member since 2/09 18986 total posts
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QUESTION ABOUT SHORT SALE
When a house is listed and it is a "short sale" is there room for negiation on the price or is the list price the minimum the bank will accept?
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Posted 3/30/10 10:10 PM  |
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rileysmama
needing a vacation..!
Member since 10/09 2162 total posts
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Re: QUESTION ABOUT SHORT SALE
i believe you can, but the price you offer has to be approved by the bank, and not the homeowner.
If I were to neg on a short sale, I wouldn't go that much lower.
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| Posted 3/30/10 10:47 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: QUESTION ABOUT SHORT SALE
If the short sale is listed by an agent that understands how do handle them
Then there is not much room
The price could already be approved- it will say that on the agent side of mls
A new program rolls out next week- short sales will be listed with the price the bank wants and they bank needs to respond to offers with in 10 days- but the home owner must be denied a mod first- so I don't anticipate seeing these for 45-60 days as listings
Agents are also going to have to have their short sale certification...I am speaking with my broker today about what classes I need to take!
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| Posted 3/31/10 6:28 AM |
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