Tina Yeager
Bank accepted another bid-anything I can do now?
My husband & I thought we made a good offer ($100) over asking price for a foreclosed home owned by the bank. Someone else bid $15000 more & won the bid. We have our loan commitment letter & no contingenci...
Filipe Pereira
"bank will not accept the current appraisal"....uh, what?!
Long story short, really struggling to close on this property in Connecticut. I'm pretty sure that most things that could come up, HAVE come up, or will be coming up soon. LOL.Here it is: Seller and I agreed to purcha...
Jose Valdez
Landlording advice for newbie
Hello everyone! I need some advice. I’m currently in escrow for a triplex and it everything goes well it will be my first investment. I’d like to self manage to try and keep more of the profits. Because it will be my...
Anish Patel
Note Buying Advice Needed before Bank Foreclosure
Hi All, Looking for a little advice on a possible transaction.Basic Deal Info1. Bank has issued foreclosure notices on group of investor properties. Single, Multi and Commercial2. The deal would be to buy all the no...
Herm M.
We need to create this topic: % of BPO acceptance
It seems like this question has been popping up lately: What are banks accepting on short sales vs. the BPO amount?
There's really no answer, it varies case by case.
I think we need to create a thread where people p...
Teddy Patrick jr
Buying REOs
Will banks take 20% of their asking price on a property? I know it just depends on how long the property has been listed......just wanted to know if anyone out there has bought one this low.......
John Ewas
Offer accepted, Bank of NY-Mellon send back completley different
Made best offer on a H&B house. I won, broker accepted my offer. I just got the P&S back, closing date it longer, no inspection, and they want me to pay them the $$$ tomorrow rather than this friday. Seems pr...
Haiyang A.
Will bank accept an offer slightly below the foreclosure price?
I'm looking at a bank REO that was foreclosed for $122K, and has been listed at $135K for about two months. I wonder:(1) if a bank would accept an offer that's at or slightly below it's foreclosed amount (e.g., someth...
Adam Godfrey
Buying A FSBO Walkthrough?
Hello Everyone,
I have found a property near Indianapolis that is listed for sale by owner. I am debating on using a realtor on my end to aid with the purchase of the property but was wondering what the process was i...
Rick Lee
Family trust, no W2, have foreign income, want 1031 exchange
Hey everyone! Here in southern California,Los Angeles I'm a super noob and I hope I don't offend anyone for asking so much yet not providing anything of value! If there's anything I can do for anyone in Los Angeles pl...