Sandy Thayer
Buyer Wants to Negotiate Short Sale
A buyer want to negotiate with the lender directly on one of my short sale listings. Has anyone seen a contract the would identify the negotiator (buyer) fiduciary responsibility to the seller?
Mister Jenkins
Seller didn’t disclose property has two mortgages
Long story short….nyc house was already under contract when the seller decided to disclose that her property has two mortgages. Her father passed away and left her the house. My real estate lawyer is saying the contra...
Noelani Neil
Potential House Flip
How do I go about offering on a house that I intend on flipping/selling? I am new at this so not 100% sure of what I'm doing. This place has a lot of potential and has been on the market for a few months. I ran the nu...
Robert Verdi
MLS listing and the BPO
I was hoping that someone could help me out with the BPO process. My question is once you get the property under contract and prior to the BPO do you have the listing agent take the property off the MLS? If this is ...
James H.
Short Sale Negotiators
The title company I like to use has a department with short sale negotiators. Basically, if I make an offer on a short sale, and can convice the seller to use the negotiator services, the negotiators will try to get t...
Sean F.
Short sale strategy
Hello fellow BP'ers,
I'm looking for some guidance and advice on a short sale opportunity that was presented to me.
My parents next door neighbor approached me recently that he will be listing his property within t...
Tyler H.
How do I "capture" the equity in a purchase to use towards LTV?
For all you investors that pick up property below "market value"... Is there a way to PURCHASE an apartment and utilize that "equity" as part of my down payment?EASY EXAMPLE. REO Apartment that APPRAISES for 1MI acqui...
Tim Zajicek
SELLER FINANCING OR CONVENTIONAL FINANCING
was wondering what the pro's and con's would be of seller financing? Look at buying a 9 plex and the owner is willing to do the following: 20% down, 25 year amoritization, 3 or 5 year balloon (I pick), 5% interest rat...
Katharine Chartrand
$550K house with $70K tax lien
I am bidding on a "bank approved short sale" through auction.com. I've been offering $400K for a house that is at least worth $550K retai... if it weren't occupied by a cantankerous personality, threatened with for...
Dustin Barr
Advise on buying this house
I found a home in my neighborhood that is vacant. I found the seller and have been talking with him. He has moved out of state and is getting a divorce. I would guess its close to the foreclosure state. He says he wil...