When you negotiate a short sale, the bank really expects you to be at the closing table.

Unless the seller's willing to bring money to the table, the option price would have to be at least enough to pay off the loans and cover closing costs.

So, you have to bring $131K to the closing table.

I completed my first deal last month and have a few more offers put on the table, so I'm pretty proud of myself.

You will need to bring money to the table to do this in most cases.

Looking down the matrix table to the left we have factors such as:investment propertycredit scorecash outLooking across the top of those matrix tables you would see columns generally covering ltvs.

Hi Jean,It is taking the banks FOREVER to get anything done... from responding to offers, to getting docs signed, to getting to the closing table- the whole process is painfully slow and inefficient, and seems to be getting worse.I'm still waiting to close a deal that I put under contract with the bank back in July.

A broker as myself can bring alot to the table.

I got two offers in on one of my listings yesterday and I have a buyer who lost out on a property this week to more than 15 offers on the table.

The lenders can slap you with a deficiency judgement for whatever they aren’t able to collect from a foreclosure auction.