Short sale bank counter offer high

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Splet18. maj 2008 · It's not terribly unusual. Once I had a bank accept a short sale offer within 1 week. With a short sale, it's not so much that you're guaranteed an agonizingly long wait, it's that you just don't know. 2 weeks or 2 months are just as possible. The listing agent should be able to give you a rough estimate based on their dealings so far with the ... Splet20. nov. 2024 · The list price of a short sale home generally has little bearing on the actual price a bank may accept. The list price may be too high to attract an offer or too low for …

How to Write a Counteroffer to the Purchase Offer Sapling

Splet29. jul. 2024 · The short sale offer could be rejected, meaning that weeks or months will have been wasted waiting. On the other hand, the offer could be approved but come with … Splet26. nov. 2007 · Most REO property is on a price reduction schedule. Since this is a short sale, the borrower still owns the property. The seller is still the one setting the asking … hotel itamaraty boa vista rr

Rebate: Definition, Types, Examples, Vs. Discount - Investopedia

Splet27. dec. 2024 · If it is more profitable to foreclose, the lender might counter at a price point that would make a short sale more profitable than a foreclosure. The investor guidelines … Splet16. nov. 2024 · 6. The Bank Will React. Anderson says just because you’re willing to pay the full short sale price that the seller’s real estate agent is asking for, don’t expect to get a home. He says that even if the asking price is hit, the … Splet28. dec. 2024 · Banks are already eating it in the shorts on a short sale. A bank may have made a loan for, say, $500,000. In some parts of Sacramento in 2008, for example, values … hotel italia misano

Counteroffer: Definition, Examples, and Strategies - Investopedia

What is a real estate short sale, and how the short sale …

SpletA short sale is the sale of a house in which the loan originator grants the homeowner permission to sell the subject property for less than is owed on the current mortgage. As … SpletThey will not net the required amount needed to justify accepting your short sale offer. Simply speaking, your offer was too low! The lender is adamant that they can do better … hotel italie toscane kustSplet04. mar. 2024 · The short sale bank will hire a Broker Price Opinion agent and pay that agent less than $100 to produce a BPO. Bear in mind, though, neither your offer price nor … hotel itapema

"Splet22. sep. 2012 · It is the seller who pays the fees, not the bank. This was unusual because the accepted sales price exceeded the preapproved listed price of this Cooperative Short … " - Short sale bank counter offer high

Short sale bank counter offer high

Splet22. jan. 2024 · Rebate: A rebate is the portion of interest or dividends earned by the owner (lender) of securities that are paid to a short seller (borrower) of the securities. The borrower is required to pay ... Splet27. nov. 2013 · The seller accepted my initial offer, the bank countered with almost 40k more. My realtor feels they are grossly over valuing the property and neighborhood. Is the …

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Splet03. dec. 2015 · The seller must first go back to the buyer and request a higher offer…any increase in the buyer’s offer improves the chance of approval, even if it does not fully … Splet23. okt. 2009 · I advise my short sale sellers to accept the offer from the most qualified and dedicated buyer at a price that is closest to market value. The problem isn't whether the short sale bank will accept the price, it's whether the price will appraise by the buyer's lender. Sometimes, buyers write offers that are too high.

Splet27. maj 2016 · We put an offer in on a short sale. It was listed at 425k. It has a failed title v, needs new siding, etc. We put an offer in at the assessed price 403k. The bank has countered for 455k. The attorney wants to know if we will accept that or what our highest offer will be. I'm bummed, but I love this house. I'm afraid of losing it if I counter ... Splet16. nov. 2024 · The biggest problem with short sale negotiations has little to do with the buyer's agent and everything to do with the listing agent. If the listing agent is …

Splet14. maj 2024 · Experienced in short sale listings. 5. An Offer Is Received and Submitted to Your Lender for Review. Upon receipt of offer package, the short sale processing company closely examines the offer, making sure everything has been submitted and filled out correctly. Any incorrect information can delay the lender’s review of the offer. SpletA buyer also can formally retract her initial offer in writing, ending negotiations. Acknowledge the buyer's acceptance of your counteroffer by signing off on the counter …

SpletI've been trying to get a bank short sale under contract. It's got an ARV around $220, rehab costs around $40. I put an offer in that was about 12% I've been trying to get a bank short sale under contract. It's got an ARV around $220, rehab costs around $40. I put an offer in that was about 12%

Splet12. avg. 2009 · If there is no competitive offer, does it mean short sale will definitely be approved by bank?, Foreclosures, Short Sales, and REOs, 12 replies Short Sale - Attorney … hotel itapeva mgSpletBanks Aren’t Obligated to Say Yes Banks back out of some short sales because the list price may be so high that the bank would lose too much to make it worthwhile to take the risk. Other... hotel itaokaSplet27. jul. 2024 · Negotiating a short sale basically involves convincing the bank to sell the subject property for less than the mortgage balance. To get a good deal, it’s crucial to … hotelitarianSplet28. jan. 2024 · Short Sale: A short sale is a transaction in which an investor sells borrowed securities in anticipation of a price decline and is required to return an equal number of shares at some point in the ... hotel itapuaSplet14. apr. 2024 · 290 views, 10 likes, 0 loves, 1 comments, 0 shares, Facebook Watch Videos from Loop PNG: TVWAN News Live 6pm Friday, 14th April 2024 hoteli taraSplet20. dec. 2024 · Sometimes banks will tell you that they want a higher sales price based on a broker price opinion (BPO). That could mean that the bank doesn't want to do your short … hoteli tivatSplet28. jan. 2024 · In real estate, a short sale is the sale of real estate in which the net proceeds are less than the mortgage owed or the total amount of lien debts that secure the property. hotel it jobs in sri lanka