I don’t want to be caught unable to get this tenant out of the building because he has pending legal issues against the previous owner.

I am a Real Estate Investor and Real Estate Agent in El Paso, TX, and I am shocked about what we are experiencing in our market in terms of house inventory.As of today 06/06, we have 2,373 on the market, 1851 are Active, 522 are Pending,To put things into perspective, we had 3200ish homes for sale last January.

The percentages are based on the number of financed properties:• 2% of the aggregate UPB if the borrower has one to four financed properties,• 4% of the aggregate UPB if the borrower has five to six financed properties, or• 6% of the aggregate UPB if the borrower has seven to ten financed properties (DU only).The aggregate UPB calculation does not include the mortgages and HELOCs that are on• the subject property,• the borrower’s principal residence,• properties that are sold or pending sale, and• accounts that will be paid by closing (or omitted in DU on the online loan application).

Total of 26 pending sales.

The house went pending in 1 week at full price of 265K.

When you have a deal pending, you can’t be building that relationship.

The owner was under the impression she didn't even own the property anymore, but the foreclosure suit is still pending.

My industry has been hit hard by COVID and we are pending heavy layoffs, which is fine and may free us up to move back to Texas since we had a child here and need support.It turns out I have a friend investing heavily in Wisconsin and another in South Carolina.  

If they don't sound like a good fit I'll tell them I have some candidates with better income, ECT that have a pending app or something to that effect.

Sale Pending...