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lender owned homes: Short Sales I like to call them Long Sales - 03/11/10 03:26 PM
Considering trying to buy a short sale? You will need to ask yourself a few questions first.
 
1)     Am I willing and can I to wait 3-4 months to get an answer from the sellers lender?
2)     Do I fully understand that the seller lender may come back after I wait 3-4 months and say NO?!
3)     Do I fully understand that the sellers lender will probably want more money for the property than I have offered and am I will to pay more?
4)     Do I fully understand that the seller's lender may never give the seller or myself … (1 comments)

lender owned homes: Lender Owned Homes not accepting FHA financing - 02/05/09 09:31 PM
Trying to sell lender owned homes to FHA buyers can be very frustrating, time consuming and an extremely long process. Most of the REO listing in the MLS will say they accept FHA financing but when they have other offers for either Cash or Conventional terms it seem like the FHA offer gets put at the bottom of the stack. I have had buyers put in offers for $20,000 over the listing price only to beat out by a cash (investor) buyer offering 10s of thousands less than my buyers offer. I understand bank wants to liquidate these properties but I … (10 comments)

 
Paul_re_tought

Paul Gruber CRS, e-PRO

Littleton, CO

More about me…

The Edge Group Inc

Address: 7138 W Roxbury Ave, Littleton, CO, 80128

Office Phone: (303) 980-0799

Cell Phone: (303) 886-5991

Email Me

Paul Gruber on Zillow


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