A quarter of that cost would go to the custom sliding glass door that is necessary because the rough opening is HUGE!

But all the subsequent ones for that year have a higher rate because he's still charging you the same amount of interest even through you've reduced the balance.

There's only two possible ways a bank will respond to price within 48 hours, and your agent should have verified.1) If the loan was bought as part of pool by one of the funds at a huge discount, and their exit strategy is to dispose ASAP.2) If another short sale just fell apart on this house, and they're trying to "slide another buyer in" before the approval deadline expires.Either one is not likely.For a normal short sale you need to allow 90-120 days for approval, then 30-45 to close.

sliding down the fire pole.

If so, be careful not to strike a deal with this borrower, even subject to your deal, as you may have some problems with your price level and subsequent dealings with the borrower.

If there is no foreclosure that has removed the interest of subsequent liens (minus goverment liens) then any concerns should definitely be brought to your title companies attention and ask if they can "bond" around the issue.

For those of you who have owned rental homes and subsequently sold them, I have a question.

A lot of guys let that part slide and when the crash came they were busy kicking bad tenants out they should have had out months before and so had bad cash flow problems. 

The reason is due to each of the different lending guidelines for Conventional, FHA, and VA, and how you need to qualify for each subsequent property.You should use FHA first. 

If I were picking a date, I would say we'll start sliding into depression in fall of 2021.Just my opinion and worth what you paid for it.