When a seller calls you and you determine the deal is potentially a shortsale, can you have a family member be the listing agent for the seller in a short sale when you're the buyer?

As a buyer of a short sale property, I just learned that there is a 3% short sale specialist fee, which the buyer is responsible for paying. This fee adds up to $18k, which seems very high to me. I didn't hire the sho...

hi all,

i have been looking at purchasing short sale properties in my neighbourhood. when i see listings on MLS and speak to listing agents, i find that they are either very unaccomodating, dont return calls, always ...

I am trying to buy a house in SC as a primary residence. I had a ratified contract with the seller through my realtor but the seller after the fact decided the house had to go to short sale. It has been 4 months and o...

Hello BP,
We are trying to work with Chase Bank on a short sale. The existing mortgage is around $80,000 and we offered $25,000. We sent a preliminary letter of disclosure for potential short sale and are waiting to h...

Has anyone had any experience of rent out the sellers home while doing the short sale and split the rent with the seller and then flip the home to a landlord with tenant in place

I have an offer approved for a short sale and am just waiting for the final paperwork. The seller wants to stay on in the house and I have no problem with that, The bank contract says they must leave. How earnest a...

We were waiting to buy a short sale. The bank finally approved the price but requires 30 days to close the deal before going to foreclosure, which will be before the Christmas. However, the list agent states that the ...

I was planning on putting in an offer on a Short Sale property as a wholesaler. I have Buyers very interested. The banks DO NOT require an EMD, yet the Realtor is asking for earnest money. Why is this? I am trying to ...