Posts Tagged → short
Need Los Angeles Short Sale Help To Stop Foreclosure? Loan Modification Not Working?
www.asapshortsale.com 17609 Ventura Blvd Suite 208 Encino CA 91316 United States (818) 582-6100 Avoid Foreclosure, Short Sale, Loan Modification, Bankruptcy. What to do? Do what is best for you and your family! In 6 minutes we will show you what the smart money is doing.
How much over asking should you bid a short sale house?
We’ve been looking at houses for about 18 months now. We have never had an accepted bid on any offers that we put in. We’re interested in the short sales (we don’t mind the wait and the market isn’t really going anywhere), so the problem was our offer was always a little below asking. In some cases, it was just 5,000 less than asking. We recently put in a new bid (I’m not sure if it’s been accepted) and we went over. The real estate agent was saying to put in the offer 20-30 percent higher than asking, but we didn’t go over THAT much. There was one property in the area that sold at 138,000, and another sold at 104,000, and still another at around 95,000. All of these houses are very similar, so we agreed to offer 112,536. I know the short sale process is tedious, but in Miami, the short sales really move fast before they ever go into foreclosure. All of the houses we ever bid before went quite smoothly and sold, as expected, to the highest bidder. Is 12,536 over the asking price enough to have a chance to win this house in Miami (more specifically, Homestead, but not a flood zone).
Short Sales Sweep The Nation: Troubled Homeowners Walk Away With Less
Short Sales Sweep The Nation: Troubled Homeowners Walk Away With Less
A new wave of distressed home sales is rippling, more quietly this time, through American cities and suburbs.
Read more on The Huffington Post
Short sales put buyers through wringer
Short sales put buyers through wringer
Without any guarantees, short sales, which reappear each timethe real estate market sours, will test buyers.
Read more on Arizona Daily Sun
how can i sell my house fast on short sale?
My mother and I bought the house together for $105K in 2007. And now we want to get out of the mortgage because we can’t afford the payment anymore. Though we are current, we still filed for loan modification. But from reading many other posts/comments online, it doesn’t sound like we would get approved for loan modification. I think it’s just not right! But it doesn’t matter because we both are going to move out of this house. We put up for short sale.
But the question is HOW to sell it fast on short sale? The market isn’t all that great, and my house needs some major repairs. We do not have the money for repairs. None at all. We barely have enough money to pay all of our bills including the mortgage. We have considered renting the house but from all the horror stories we heard about tenants damaging the house, we won’t do it! It costs way too much money and it’s a lot of responsibilities.
Remember this again: We do not have the money. That’s why we wish to speed up selling the house, but how is it possible? And if we do move to an apartment (we will live on our own not together anymore), and the house probably will go into foreclosure if it doesn’t short sell in time.
Please help…please advise. Thank you so much.
Choice is key in house short sale
Choice is key in house short sale
Since Jan. 1 through mid-June 150 homes have sold in American Canyon. Seventy percent or 106 of those homes were “distressed sales” – bank foreclosures and short sales. The rest were either new homes or conventional sales.
Read more on The American Canyon Eagle
Deeding title better than short sale
Deeding title better than short sale
Short sales have been the hot solution for financially stressed homeowners and their lenders for the past year,…
Read more on Boston Herald
Short sales way up due to realty woes
Short sales way up due to realty woes
While the real estate slump never hit greater Williamsburg as hard as it did elsewhere, it has nonetheless led to an unusual number of foreclosures and a related phenomenon.
Read more on The Virginia Gazette
Short Sale House Question?
Hi, I put a bid on a short sale house. The agent told me it would takes 2 weeks to process but now it’s 8th week of waiting. My agent has been trying to contact the seller’s agent and we have not heard any response from the bank. Is there any other way we can do to make this process goes faster and how long does it take a bank to approve a bid on a short sale normally ? Orlando, FL