buying short sale: Question from Niceville Florida Short Sale Buyer - 01/26/09 05:47 PM
Hi Wendy,
I'm a First Time Homebuyer in Niceville Florida (or rather am seeking to become one) and my wife and I found a house that is a short sale.I've been researching the ins and out of buying a short sale but there are of course more questions then answers :) The information I was given was a BPO of 290K, the home is listed at 230K, with an offer of 200K. This information was given freely by the listing agent. The home is beautiful but it has since been vacated. No utilities, the home has since been broken … (2 comments)
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buying short sale: Short Sales: "One" Strong Contract = Success - 06/02/08 06:53 PM
I get calls daily on my Short Sale listings from agents who think I send multiple signed or unsigned offers to the Short Sale lender with equal position. That is- like an auction. Well, I don't. Per my MLS board approval, I leave listings active with the comment: "Contingency contract, bring your back-up offer". That means, an offer with a clause stating it will go into effect only if the primary offer is withdrawn or otherwise cancelled. Most agents in my area don't operate that way. I get resistance to my method with frequent comments, "That's not how it's done." "We don't do … (17 comments)
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