short sale: When is a trivia question not so trivial? When it is linked to a short sale, that’s when!
- 05/11/10 12:52 AM
Here’s an interesting trivia question: What is the only word in the English Language to have five consecutive vowels in it? Give up? The answer is “queueing.” As a noun, a queue is a line. We stand and wait patiently in a queue at an amusement park or a fast food restaurant. "Queueing up” simply means get in line and wait. So you can imagine my dismay yesterday when I called to inquire about the progress of a short sale offer I had submitted and I was told that it was “in the queue.” That’s a very polite way of saying … (23 comments)
short sale: "Your short sale listing ... if I write an offer today can we get it closed by November 30?"
- 09/26/09 12:09 AM
Wow, that's a tough question. With the first time homebuyer's tax credit deadline just a little over two months away that is the $8000 question. And it is, of course, impossible to answer. Every case is different, and while it may be possible to get the deal closed by the deadline, there are no guarantees in the world of short sales. We have closed some with local banks in just over a month, but this is a large institutional lender that would require approval from the investor. It could happen, it really could, but I still cannot answer that question less … (26 comments)
short sale: Georgia Foreclosures, how to buy a foreclosure on the steps at a Georgia Courthouse Auction
- 05/02/08 12:54 AM
Tuesday, the 6th will be the first Tuesday in May this year. And what that means in the State of Georgia, is that on the steps of every courthouse, beginning at 10 A.M. properties in foreclosure will be offered for "sale, in cash, at public outcry to the highest bidder," With over a hundred foreclosures in Coweta County alone, you would think that the steps would be crowded with bargain seekers. You would be wrong. What happens in the majority of the cases, is that the lender holding the note will bid what is owed, plus the attorney's fees. And since … (6 comments)
short sale: Tips for making an offer on foreclosures, short sales, and REO properties
- 02/23/08 01:04 AM
If there is one absolute truth in life, it is that when given a choice, people will always choose that path of least resistance. It is human nature and unavoidable. And it should be an important consideration when you are making an offer on a short-sale, foreclosure, or REO property. People that work in institutions that are responsible for disposing of these inventories are like everyone else ... they have a lot of work to do and they do not like complications. So when making an offer on these properties, keep it simple. 1) Have the least amount of contingencies. Have … (7 comments)
Here’s an interesting trivia question: What is the only word in the English Language to have five consecutive vowels in it?
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