Surprise surprise they could not get approved for anywhere else so the seller rented a uhaul for them to move all their stuff into.

Has the Seller been approved for the short sale yet..hardships accepted?

If you have something under contract with them negotiating lower would likely be approved sooner than later....Kudos,Mary

I wouldn't put good odds on getting a short sale approved and closed with the holidays and a mortgagee with judgement in hand as the fire drill to beat the deadline will likely result in offers that the mortgagee is not willing to humor.

Hey gang,So I was wondering about the process for making offers on Multi-Family apartments.I've had experience with purchasing small office and 1-4 unit properties in past.I was wondering what the process is for getting Pre-Approved and submitting offers for 5-15 unit apartments.1.

That means getting a mortgage originator to process the loan, draft terms and approve it, possibly close it and having the deal under the hand of an attorney.You may need to sweeten the deal with your buyer, pay costs, lower price, but they need to cooperate.If you can think of some song a dance to get them to leave happy, cash for keys and kill the deal, that would be a great way out for you.

If you're splitting into over 4 parcels, you will need to have a subdivision map drawn up, and go through the approvals with the State of California.If on the other hand it is zoned for apartments, or some other high density use, it's possible that someone could buy it, and then develop out a multi unit project, etc.Are there utilities to the property?

Getting a good stable job is the first thing mortgage broker consider before getting you pre-approved.

Respond to all their requests as quickly and completely as possible, this is key to having the best chance at getting the loan approved.

I personally would try to close before june and have her get pre approval and start looking now