Posts Tagged → short
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
We put an offer on a house that’s a short sale?
The bank has had our offer for 3 weeks and last Thursday it finally got to a bank negotiator, were still waiting for a call and my nerves are shot! How long does it usually take. I thought once it was in the hands of an actual negotiator it would be fast.
The bank did say they would have us closed in time to get the $8000.
Yes I have lost patience but we wont pull out unless we find something better. Right now there isnt anything else for us.
When will I get to move into my short sale house?
We purchased a Short sale house on September 10th and the seller approved the sale on the 15th. We were approved by the bank and put a whooping 120,000 Down payment on the house hoping it will go faster.
The homeowner bought it for 695,000. September 20th I checked the value of the home and it was 520,000. The bank approved the offer for the house for 440,000.
Now its january 27th and we are still waiting. I checked zillow’s value of the home. ITS ONLY 410,000 now!
when will we get to move into this house that the prices has been dropping since.
The bank approved the offer back in Septemeber they took our offer because we offered the most for the house and had amazing credit. Also finding 120,000 Down payment was not easy
How long til we hear an answer on a short sale house?
We looked at this great house and offered a few over asking. That was about a month ago. The house was so close to foreclosure that they pulled it from the County Sheriff’s sale. Every day I think that Today’s the day. We’ll hear something but every day no news. Their realtor said that he thought it would go fast. And to some extent he was right because we turned the offer over to him on a Monday and Monday even the Owner had accepted the deal. But now we’re waiting on the bank. Does anyone know the process that the banks go through and how long does it usually take? Should I start looking for another house that isn’t a short sale? Starting to feel like my life is in a holding pattern and I am not allowed to land.
what is a short sale and how does it work?
We have a house for short sale but the house market is so bad now, the asking price is 1,300,000,how long do you think it will remain unsold? will the house sell faster if we do a short sale.
Jacksonville Short Sales Not So Short
Jacksonville Short Sales Not So Short
JACKSONVILLE, Fla. — The housing foreclosure market has created a boost in short sales, when real property is sold for less than the outstanding loan value. However, local realtors, buyers and sellers said the process is very frustrating. “There’s nothing short about a short sale,” said one buyer.
Read more on First Coast News
HOUSING: Federal help for short sales starts Monday
HOUSING: Federal help for short sales starts Monday
For more than three years, the housing market has been gropingits way toward a solution for the mortgage crisis that dragged thenation into the Great Recession.
Read more on North County Times