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All Forum Posts by: Bob Ebaugh

Bob Ebaugh has started 7 posts and replied 72 times.

Foreclosures

Post: Homepath Cash Offer 100% Earnest Deposit

Bob EbaughPosted
  • Investor
  • Saint Petersburg, FL
  • Posts 73
  • Votes 29

The purchase price is 50-55K, for an 800 sqft 2/1. My initial offer was 10% EMD, since I knew that was the "standard" for a Homepath cash offer.

1 Vote
Foreclosures

Post: Homepath Cash Offer 100% Earnest Deposit

Bob EbaughPosted
  • Investor
  • Saint Petersburg, FL
  • Posts 73
  • Votes 29

I just had an offer countered by Homepath for a property on the market now for 3 months where they want the full purchase price as an earnest deposit. Anyone else seen that? While it looks to be in pretty good shape, I'm a little hesitant since inspections might find something unknown. And also concerned after that that there could be delays closing. Hmmm...

0 Votes