Account Closed
Money to Seller in a short sale?
Hello,
I am wondering, is there any way to structure a deal on a SFH where you the investor tie it up with a subject to contract, then try to contact the lender for a short sale, and are able to give the seller some o...
Chris Seveney
Short sale signed contract then seller voids
This is an interesting story
I had an executed contract with a seller for a short sale. What I have since learned was the seller has not defaulted on loan but no longer wants the property so she was trying to sell it...
Christopher Morin
Short Sale - L/O back to seller?
Situation: Seller is 10k in arrears, payoff amount is approx. equal to the home's value... but the tenant will do almost anything to stay in the home. Sub2 isn't an option (I'm not willing to front the mortgage back...
Tim Silvers
SHORT SALE FLIPS & REALTOR/SELLER OBJECTIONS
I was recently told by a realtor that she could not refer deals to me because the seller felt that my lower offer would result in a higher deficiency and the resulting proportionate increase on a promissory note to th...
Samuel Ksiazkieicz
Marketing Lease Options to Short Sale sellers?
Greetings and salutations to all;
Last night as I was rolling around trying to fall asleep, as often happens I started mulling over real estate. I was contemplating finding lease option buyers when this thought popp...
Thomas N.
Short sale - seller asking for side payment
Looking at a house that is listed as a short sale. Seller is asking for payment of 15K at closing. Is that even legal? Getting more detail from the seller's agent. Anyone ever heard of this? Thanks.
Justin Silverio
Short Sale with Money back to Seller?
I just got a call back from my direct mailing from a woman who is looking to sell her property so she can move to Florida. She owes about $150k and has missed a couple mortgage payments since last year. I estimate I...
Kevin Polite
Short Sale finalized Bankruptcy afterward from seller
We closed on a short sale (after nearly 5 months) and have the HUD and were getting ready for demo when we received a call from the seller's agent. She said that an attorney for the seller filed bankruptcy 2 days befo...
Eric Jackson
Possible Short Sales Scenario? Armslength, Seller eval?
Looking for the BP community's feedback on a couple topics in the short sale process, specifically related to a property I'm working through.Here is a little context to the situation. Seller is my father (please cont...
Mitch Kenney
BOA short sale...Seller not in arrears
My Uncle in law owns 2 houses in Washington state and he wants me to do a short sale on one of them. He is not in arrears on the property and the loan is with BOA. I have heard of short sales going through even if the...