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MrsLL2010
LIF Infant
Member since 2/09 318 total posts
Name:
Lori
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Foreclosure/Short Sale
Can anyone recommend a real estate agent that specializes in these types of sales?
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Posted 12/8/10 3:45 PM  |
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jellybean78
:)
Member since 8/06 13103 total posts
Name:
Mommy
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Re: Foreclosure/Short Sale
FM BETH...she's a regular poster on here and also a real estate agent.
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| Posted 12/8/10 4:06 PM |
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missfabulous
#mommyneedswine
Member since 6/09 10031 total posts
Name:
Colleen
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Re: Foreclosure/Short Sale
Lori be careful with short sale!!! One real estate warned us that with short sale/foreclosure alot of times the houses are in very poor condition b/c the people know they are losing their house and dont take care of it.
Also, it turns into a huge auction that can last for months and months.
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| Posted 12/8/10 6:17 PM |
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ttdiff11
LIF Infant
Member since 12/09 366 total posts
Name:
Theresa
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Re: Foreclosure/Short Sale
Posted by missfabulous
Lori be careful with short sale!!! One real estate warned us that with short sale/foreclosure alot of times the houses are in very poor condition b/c the people know they are losing their house and dont take care of it.
Also, it turns into a huge auction that can last for months and months.
that could happen but not always. i bought a shortsale and it was a stressful process but in the end, it worked out and im soo happyyy we stuck it out!
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| Posted 12/8/10 7:56 PM |
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bella
LIF Adult
Member since 5/05 1871 total posts
Name:
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Re: Foreclosure/Short Sale
Posted by ttdiff11
Posted by missfabulous
Lori be careful with short sale!!! One real estate warned us that with short sale/foreclosure alot of times the houses are in very poor condition b/c the people know they are losing their house and dont take care of it.
Also, it turns into a huge auction that can last for months and months.
that could happen but not always. i bought a shortsale and it was a stressful process but in the end, it worked out and im soo happyyy we stuck it out!
I bought one as wel land it was a VERY smart decision...ours did NOT take long at all..
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| Posted 12/8/10 10:53 PM |
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Mrs213
????????
Member since 2/09 18986 total posts
Name:
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Re: Foreclosure/Short Sale
Posted by jacquig
FM BETH...she's a regular poster on here and also a real estate agent.
I second this recommendation - she knows alot about these particular sales...
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| Posted 12/8/10 11:04 PM |
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JennZ
MY LIFE!!
Member since 8/05 25463 total posts
Name:
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Re: Foreclosure/Short Sale
Posted by missfabulous
Lori be careful with short sale!!! One real estate warned us that with short sale/foreclosure alot of times the houses are in very poor condition b/c the people know they are losing their house and dont take care of it.
Also, it turns into a huge auction that can last for months and months.
This can happen. Not always. My parents just bought one. Not in horrible condition. They got a great deal and the bonus, the house appraised for almost $250,000 more.
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| Posted 12/9/10 7:23 AM |
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JennZ
MY LIFE!!
Member since 8/05 25463 total posts
Name:
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Re: Foreclosure/Short Sale
Also wanted to add, from start to finish, it was about 2 months for my parents.
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| Posted 12/9/10 7:24 AM |
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ThePinkGoose
In Your Hands
Member since 8/08 4706 total posts
Name:
Nunya
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Re: Foreclosure/Short Sale
Posted by bella
Posted by ttdiff11
Posted by missfabulous
that could happen but not always. i bought a shortsale and it was a stressful process but in the end, it worked out and im soo happyyy we stuck it out!
I bought one as wel land it was a VERY smart decision...ours did NOT take long at all..
Same here! Go for it, good luck!!
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| Posted 12/9/10 7:53 AM |
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NoStressMom
My Heart and Soul
Member since 5/05 11122 total posts
Name:
D
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Re: Foreclosure/Short Sale
Posted by AnaMaree77
Posted by bella
Posted by ttdiff11
Posted by missfabulous
that could happen but not always. i bought a shortsale and it was a stressful process but in the end, it worked out and im soo happyyy we stuck it out!
I bought one as wel land it was a VERY smart decision...ours did NOT take long at all..
Same here! Go for it, good luck!!
us too!! But the first house we were in contract on was a short sale and it lasted 9 months just to here if the bank would accept the offer this home we have now only took 4 months good luck just see how many mortage companies are on the house. IF there is one mortage then go for it but if there is more then one I would be careful it could take a long time. Just write something into your agreement that in 90days if you don't hear anything that you can pull out of the deal and get your deposit back!!
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| Posted 12/9/10 8:47 AM |
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Pooka
Oh Happy Day!!
Member since 11/06 5689 total posts
Name:
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Re: Foreclosure/Short Sale
BETH! She is doing our short sale and has been awesome.
Wanted to ETA that our house is up for short sale b/c STBX and I are divorcing and we can't sell the house. Our house is in great condition and is very clean! I don't think all short sales are in terrible shape. You just gotta shop around.
Message edited 12/9/2010 12:32:52 PM.
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| Posted 12/9/10 12:31 PM |
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MrsLL2010
LIF Infant
Member since 2/09 318 total posts
Name:
Lori
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Re: Foreclosure/Short Sale
Thanks everyone!!
I'll def FM Beth - those of you who went this route - can you recommend your real estate agent?
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| Posted 12/9/10 1:02 PM |
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NoStressMom
My Heart and Soul
Member since 5/05 11122 total posts
Name:
D
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Re: Foreclosure/Short Sale
my first one was a joke and the house we bought we just called the realtor on the house who was listed!! She was a nightmare also but that is another issue
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| Posted 12/9/10 2:40 PM |
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E-Abba
LIF Zygote
Member since 11/10 42 total posts
Name:
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Re: Foreclosure/Short Sale
I'm a realtor and working on my first short sale for my husband and I. My advise is make sure the realtor listing the house is experienced with short sales (not sure if you're looking to list a property or buy one).
As a realtor I haven't had to do anything different from a typical purchase but stay ontop of the listing agent (he's a bit of a flake). We're going on month 5 and starting negotiations with the bank (we're not budging in price). Cross your fingers that it all works out!!
I hope everything works out for you!!
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| Posted 12/9/10 4:28 PM |
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sometimesmommy
Always in my heart.....
Member since 11/06 6686 total posts
Name:
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Re: Foreclosure/Short Sale
Posted by jacquig
FM BETH...she's a regular poster on here and also a real estate agent.
I 2nd Beth.
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| Posted 12/10/10 12:49 PM |
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