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Question About Short Sales????
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RM23
LIF Adult
Member since 5/06 997 total posts
Name:
Rachel
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Re: Question About Short Sales????
Posted by AnaMaree77
ahhh I am SO Relieved to hear that someone else is in the same position we are!!!! THANK YOU! You have no idea how comforting that is because absolutely everybody that I speak to has never heard of a short sale going the way i'm describing.
The deadline for them to accept or deny our offer is April 15 but i'm getting so impatient, it's been so long now. There are 2 mortgages on the house.
What town is yours in?
Mine is is dix hills...
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Posted 3/8/09 9:04 PM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
BnBdreamin
Gonna be a BIG Bro in April!
Member since 10/06 5913 total posts
Name:
Denise
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Re: Question About Short Sales????
Posted by RM23
So helpful..thanks for all the info! One more questions, were any of you able to contact the sellers mortgage company during the process? We are in the waiting stage ( accepted offer, inspection done, full package was sent to the sellers bank) now we are just waiting...
Its frustrating that I cant call anyone, check on anything...its all up to the seller. I know its in his best interest to move things along, but I still dont feel like he is as eager as we are...after all he is leaving mortgage free right now.
I wouldn't think you directly would get any headway in a call to sellers mortgage company. It's really a chain of things... you stay on your RE agent's, mortgage broker's and attorney's arses and tell them you want an update call with what's done and what needs to be done and they should make the proper calls to the seller's peeps and hopefully get you some info. But be prepared for "nothing yet". At that point, it is just all up to waiting.
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| Posted 3/8/09 9:29 PM |
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ThePinkGoose
In Your Hands
Member since 8/08 4706 total posts
Name:
Nunya
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Re: Question About Short Sales????
........and the waiting is.........
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| Posted 3/9/09 8:18 AM |
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Janice
Sweet Jessie Quinn
Member since 5/05 27567 total posts
Name:
Janice
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Re: Question About Short Sales????
NC short sales are like FLs.
We just had a clause that if our bid was accepted by bank, then we would do inspection. If it resulted in more then 5K of work needed to be done we could back out.
The price is set by realtor in hopes that the bank accepts price.
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| Posted 3/9/09 9:15 AM |
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| Pages: 1 [2] |
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