All Forum Posts by: Jessie Niu

Welcome!

Wow, 600/month PMI, how come is that high??

Congratulations!! You are such an inspiration! I am working towards the same goal too, hopefully quit my soul-sucking corporate job soon! :)

 Thanks. What does Equater.com do?, I see it's a website listing distressed properties, but not all of them are there though. 

 Thanks, I will keep you guys updated! 

 Thanks, so who would have the title in  a BK if the bank doesn't? I was told now that the bank owns it. I would be happy if they continue with the short sale, I can still offer, right? 

thanks everyone for your advice, so most of you don't think it's a good idea to contact the bank. I would be happy if the bank continue a short sale, I can still go ahead to make an offer to the bank, otherwise, a foreclosure will be too painful to wait for and go through. 

I have been looking for an owner occupied duplex for a while and finally found this one I like. It was a short sale and on the market for a while, I offered the asking price, which is a price that bank can get their money back, still a good deal for me. 

However, the seller agent told us that the seller had to file chapter 7,  and the process was just concluded yesterday. So he doesn't own the property anymore, the bank does. 

My agent told me it would be very hard to find someone to talk to at the bank, almost impossible. But I really don't want to give up on this. I found the bank info from our county auditor site, should I contact the bank? Is there anything that the seller can do at this point? I am not familiar how chapter 7 works. What will the bank do next, proceeding with foreclose sale?? Please, my dearest BP community, I really really need your advice on what to do at this point, thank you so much!!!

 Thanks Sarnen, I prefer to use a service instead of creating my own website, just easier for me to do. Do you have any recommendations? 

 Thanks Carrie, I will check it out!

 Thanks Randy!