Comments on: Men Like Ravenous Fishes Feed on One Another http://blog.redfin.com/blog/2008/04/short_sales_real_estate.html Redfin Corporate Blog Fri, 10 Feb 2012 02:35:37 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Chim2539 http://blog.redfin.com/blog/2008/04/short_sales_real_estate.html/comment-page-1#comment-11412 Chim2539 Thu, 24 Feb 2011 18:00:49 +0000 http://blog.redfin.com/blog/2008/04/short_sales_real_estate.html#comment-11412 my sister did a short sale on her condo last yr however she has two lenders. the buyer was her tenant for years and the RE agent did the transaction on her behalf. i asked her abt the 2nd lender and she said if they come after her, she would declare bankcruptcy. can she do that? my sister did a short sale on her condo last yr however she has two lenders. the buyer was her tenant for years and the RE agent did the transaction on her behalf. i asked her abt the 2nd lender and she said if they come after her, she would declare bankcruptcy. can she do that?

]]> By: bank of america locations http://blog.redfin.com/blog/2008/04/short_sales_real_estate.html/comment-page-1#comment-9166 bank of america locations Wed, 30 Jun 2010 20:30:04 +0000 http://blog.redfin.com/blog/2008/04/short_sales_real_estate.html#comment-9166 The large and renowned Bank of America provides financial services and products to 30 different countries and 48 states all over the world. The customers of the <a href="http://www.bankofamericalocations.net" rel="nofollow"><b>bank of america locations</b></a> count on it for standard and great services.The Bank of America credit cards offer great customer services coupled with special reward incentives and fabulous introductory offers. This bank is the largest issuer of credit cards in the US. The large and renowned Bank of America provides financial services and products to 30 different countries and 48 states all over the world. The customers of the bank of america locations count on it for standard and great services.The Bank of America credit cards offer great customer services coupled with special reward incentives and fabulous introductory offers. This bank is the largest issuer of credit cards in the US.

]]> By: Austin Apartment Locators http://blog.redfin.com/blog/2008/04/short_sales_real_estate.html/comment-page-1#comment-8282 Austin Apartment Locators Sat, 24 Apr 2010 01:31:48 +0000 http://blog.redfin.com/blog/2008/04/short_sales_real_estate.html#comment-8282 Short sales are very popular. I almost bought a house that was in one one time. Short sales are very popular. I almost bought a house that was in one one time.

]]> By: Redfin Expands to Phoenix, Launches New Listing Service | Redfin Corporate Blog http://blog.redfin.com/blog/2008/04/short_sales_real_estate.html/comment-page-1#comment-7847 Redfin Expands to Phoenix, Launches New Listing Service | Redfin Corporate Blog Thu, 25 Mar 2010 16:38:58 +0000 http://blog.redfin.com/blog/2008/04/short_sales_real_estate.html#comment-7847 [...] Tours And at long last, Redfin is supporting tours for short sale properties. Short sales are properties selling for less than the owner owes the bank. Because one or usually two banks has to approve the sale, a short sale may take months to close or [...] [...] Tours And at long last, Redfin is supporting tours for short sale properties. Short sales are properties selling for less than the owner owes the bank. Because one or usually two banks has to approve the sale, a short sale may take months to close or [...]

]]> By: Danielle Loranger http://blog.redfin.com/blog/2008/04/short_sales_real_estate.html/comment-page-1#comment-5334 Danielle Loranger Thu, 26 Feb 2009 23:40:14 +0000 http://blog.redfin.com/blog/2008/04/short_sales_real_estate.html#comment-5334 I've just put in an offer on a short sale and then found it on redfin. Interesting thing is that there are 2 mortgages on the property and the listing agent is obviously clueless about short sales. Hmmmm seems like redfin's short sale policies are not really being enforced. I know it's difficult to double check these things but about 90% of the short sale listings I've found on redfin in my target neighborhood are in violation of at least 2 of the 4 restricitons listed in this blog. Oh and for Orange County, CA buyers it's common to find short sales listed for less than 50% of the amount of the mortgage(s) on the property. The one I'm going for is priced at 180k and has almost 400k in mortgages on it. 65 days on redfin and I'm the second person who even scheduled a viewing. Depressing for sellers GREAT for the buyer. I’ve just put in an offer on a short sale and then found it on redfin. Interesting thing is that there are 2 mortgages on the property and the listing agent is obviously clueless about short sales. Hmmmm seems like redfin’s short sale policies are not really being enforced. I know it’s difficult to double check these things but about 90% of the short sale listings I’ve found on redfin in my target neighborhood are in violation of at least 2 of the 4 restricitons listed in this blog.

Oh and for Orange County, CA buyers it’s common to find short sales listed for less than 50% of the amount of the mortgage(s) on the property. The one I’m going for is priced at 180k and has almost 400k in mortgages on it. 65 days on redfin and I’m the second person who even scheduled a viewing. Depressing for sellers GREAT for the buyer.

]]> By: Elizabeth http://blog.redfin.com/blog/2008/04/short_sales_real_estate.html/comment-page-1#comment-5235 Elizabeth Tue, 10 Feb 2009 05:01:40 +0000 http://blog.redfin.com/blog/2008/04/short_sales_real_estate.html#comment-5235 I found a house that I like, but it's a short sale. I'm still considering making an offer, with the understanding that it may take a while to hear back. My question is, should I offer the full asking price? I'd prefer to make s lower offer, probably 5% below asking price, but don't know if that's reasonable to do. The house is priced pretty fairly and similar to comps in the area although most other houses are larger or on less busy streets, so it's tough to compare. thanks. I found a house that I like, but it’s a short sale. I’m still considering making an offer, with the understanding that it may take a while to hear back. My question is, should I offer the full asking price? I’d prefer to make s lower offer, probably 5% below asking price, but don’t know if that’s reasonable to do. The house is priced pretty fairly and similar to comps in the area although most other houses are larger or on less busy streets, so it’s tough to compare.

thanks.

]]> By: Kathy http://blog.redfin.com/blog/2008/04/short_sales_real_estate.html/comment-page-1#comment-5083 Kathy Wed, 14 Jan 2009 17:47:31 +0000 http://blog.redfin.com/blog/2008/04/short_sales_real_estate.html#comment-5083 The key to a good short sale (in my opinion) is a good loss mitigation firm. They know what they are doing and how to get the bank to accept a reasonable compromise with the best interests of the homeowner and broker in mind. They have more man power and can get the short sale property settled and sold much quicker than doing it yourself, and you still get paid for your client. optionnext.com or email kruthford@optionnext.com The key to a good short sale (in my opinion) is a good loss mitigation firm. They know what they are doing and how to get the bank to accept a reasonable compromise with the best interests of the homeowner and broker in mind. They have more man power and can get the short sale property settled and sold much quicker than doing it yourself, and you still get paid for your client. optionnext.com or email kruthford@optionnext.com

]]> By: Online Real Estate Tools Mini-Hall of Fame + Home-Buying Class Powerpoint | Redfin Corporate Blog http://blog.redfin.com/blog/2008/04/short_sales_real_estate.html/comment-page-1#comment-4732 Online Real Estate Tools Mini-Hall of Fame + Home-Buying Class Powerpoint | Redfin Corporate Blog Fri, 05 Dec 2008 01:20:37 +0000 http://blog.redfin.com/blog/2008/04/short_sales_real_estate.html#comment-4732 [...] Sales: We explained the seven signs a short sale isn’t deal going to happen, with a tip of the hat to our friend Frank in [...] [...] Sales: We explained the seven signs a short sale isn’t deal going to happen, with a tip of the hat to our friend Frank in [...]

]]> By: Jon Christopher http://blog.redfin.com/blog/2008/04/short_sales_real_estate.html/comment-page-1#comment-4018 Jon Christopher Wed, 08 Oct 2008 17:54:31 +0000 http://blog.redfin.com/blog/2008/04/short_sales_real_estate.html#comment-4018 Short sales are key to surviving in this down market. Because home values have dropped a short sale is the best way for someone to sell a house that is worth less than what is owed. Short sales are key to surviving in this down market. Because home values have dropped a short sale is the best way for someone to sell a house that is worth less than what is owed.

]]> By: lousie http://blog.redfin.com/blog/2008/04/short_sales_real_estate.html/comment-page-1#comment-3383 lousie Wed, 09 Jul 2008 20:45:58 +0000 http://blog.redfin.com/blog/2008/04/short_sales_real_estate.html#comment-3383 We put in a offer in on June 8,2008 and have not heard anything. We put in a offer in on June 8,2008 and have not heard anything.

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