He should have an option to proforma to a 2013 tax planner or have his 2013 software already pending updates of course.

Or, do a modification and reduce the interest.I ran the comps and only shows 3 houses, one pending for $119,900 and the other two sold.

I am buying a property,by looking at the prelim report, it has a trust showing both mother's name "A" ( pass away) and daughter "B" is selling the property short sale to me. on the #2. of the title report, it says "Title To Said Estate At The Date Hereof Is Vested In: "A"(the mother) and "B" (the daughter), as Co-Trustees ( or the successor Trustee) of the "A" 2006 Trust, dated May 24, 2006 subject to processdings pending in the bankruptcy court where a petition for relief was filed In June 12, 2013 ."

It causes a lis pendens (pending litigation) and no title company will touch it.

The key when talking to the LO is, "have you verified their credit, income and assets" then give the borrowers 7 days for loan approval - the appraisal, so you'll only have the property be tied up for 7 days and keep the MLS listing in "Back Up" vs "Pending"

The public sites you see don't show when the properties go contingent, or pending.

@Derek Martin - If you do not have a Realtor you can search on redfin.com for active, pending, and sold listingsThen there is an option on the bottom left to download the dataFrom there you can "pull comps" You are looking for 3 properties that are active, pending, and sold that are in the same general condition.  

I see properties with high equity or even free and clear properties pending a tax lien sale.

We have every intention of selling our current home once pending renovations are complete and I have this baby due in two weeks.

But, does this get you laughed out of great deals due to the potential equity due to pending gentrification?