Comments on: Short Sales – Managing Buyer Expectations http://focusonfrederick.com/2008/02/27/short-sales-managing-buyer-expectations/ Musings and information about Real Estate in the Frederick County Area Sat, 24 Sep 2011 14:34:15 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Quit Claim Deed http://focusonfrederick.com/2008/02/27/short-sales-managing-buyer-expectations/comment-page-1/#comment-2107 Quit Claim Deed Sun, 15 Aug 2010 21:25:55 +0000 http://focusonfrederick.com/2008/02/27/short-sales-managing-buyer-expectations/#comment-2107 Great short sale information Bob! That was a good litle tidbit of information about watching out for quit claim deed issues, so few people really understand the dangers of receiving title to real estate without any warranties or guaranties. I do hope you plan on expanding on this post to include information about HAFA, now that it is in effect. Great short sale information Bob! That was a good litle tidbit of information about watching out for quit claim deed issues, so few people really understand the dangers of receiving title to real estate without any warranties or guaranties. I do hope you plan on expanding on this post to include information about HAFA, now that it is in effect.

]]> By: Bob Carney http://focusonfrederick.com/2008/02/27/short-sales-managing-buyer-expectations/comment-page-1/#comment-2016 Bob Carney Sat, 29 May 2010 03:15:24 +0000 http://focusonfrederick.com/2008/02/27/short-sales-managing-buyer-expectations/#comment-2016 I m sorry for your situation, but the banks don't move any faster at any point. They have processes that the follow and it seems to start over every time. I m sorry for your situation, but the banks don’t move any faster at any point. They have processes that the follow and it seems to start over every time.

]]> By: Holiday with dogs http://focusonfrederick.com/2008/02/27/short-sales-managing-buyer-expectations/comment-page-1/#comment-1991 Holiday with dogs Wed, 19 May 2010 20:24:57 +0000 http://focusonfrederick.com/2008/02/27/short-sales-managing-buyer-expectations/#comment-1991 <i> I need your advice, sir. My husband and I are in a contract on a short-sale property. We were informed by the listing(and selling) realtor that this house is about 2-3 weeks from foreclosure. He was informed by the lender of this. Another interesting thing is that at one time there was a buyer in a contract, but backed out because they were tired of waiting. There was also another contract that the buyer backed out of. My question is, do you think that our offer will be processed quicker under these circumstances? Thanks in advance for your opinion.</i> +1 I need your advice, sir. My husband and I are in a contract on a short-sale property. We were informed by the listing(and selling) realtor that this house is about 2-3 weeks from foreclosure. He was informed by the lender of this. Another interesting thing is that at one time there was a buyer in a contract, but backed out because they were tired of waiting. There was also another contract that the buyer backed out of. My question is, do you think that our offer will be processed quicker under these circumstances? Thanks in advance for your opinion.
+1

]]> By: gotbob http://focusonfrederick.com/2008/02/27/short-sales-managing-buyer-expectations/comment-page-1/#comment-1584 gotbob Mon, 23 Mar 2009 11:30:26 +0000 http://focusonfrederick.com/2008/02/27/short-sales-managing-buyer-expectations/#comment-1584 I am sorry I don't know all the details with the listing agent and the bank, but in my experience; previous contracts with other buyers does not necessarily speed up the process for you. Some banks start the whole process over each time they receive a new contract. I hate to say but banks are their own worse enemy when it comes to short sales. Good Luck. I am sorry I don’t know all the details with the listing agent and the bank, but in my experience; previous contracts with other buyers does not necessarily speed up the process for you. Some banks start the whole process over each time they receive a new contract. I hate to say but banks are their own worse enemy when it comes to short sales. Good Luck.

]]> By: Melanie http://focusonfrederick.com/2008/02/27/short-sales-managing-buyer-expectations/comment-page-1/#comment-1580 Melanie Fri, 20 Mar 2009 15:22:52 +0000 http://focusonfrederick.com/2008/02/27/short-sales-managing-buyer-expectations/#comment-1580 Bob, I need your advice, sir. My husband and I are in a contract on a short-sale property. We were informed by the listing(and selling) realtor that this house is about 2-3 weeks from foreclosure. He was informed by the lender of this. Another interesting thing is that at one time there was a buyer in a contract, but backed out because they were tired of waiting. There was also another contract that the buyer backed out of. My question is, do you think that our offer will be processed quicker under these circumstances? Thanks in advance for your opinion. Bob,

I need your advice, sir. My husband and I are in a contract on a short-sale property. We were informed by the listing(and selling) realtor that this house is about 2-3 weeks from foreclosure. He was informed by the lender of this. Another interesting thing is that at one time there was a buyer in a contract, but backed out because they were tired of waiting. There was also another contract that the buyer backed out of. My question is, do you think that our offer will be processed quicker under these circumstances? Thanks in advance for your opinion.

]]> By: gotbob http://focusonfrederick.com/2008/02/27/short-sales-managing-buyer-expectations/comment-page-1/#comment-622 gotbob Fri, 29 Feb 2008 12:59:37 +0000 http://focusonfrederick.com/2008/02/27/short-sales-managing-buyer-expectations/#comment-622 Cyndee, that's a shame. One reason you want to have a 'out' for your buyers. So they can continue to look and find another one if needed. Cyndee, that’s a shame. One reason you want to have a ‘out’ for your buyers. So they can continue to look and find another one if needed.

]]> By: Cyndee Haydon http://focusonfrederick.com/2008/02/27/short-sales-managing-buyer-expectations/comment-page-1/#comment-621 Cyndee Haydon Fri, 29 Feb 2008 04:52:19 +0000 http://focusonfrederick.com/2008/02/27/short-sales-managing-buyer-expectations/#comment-621 Bob - several of our buyers had to wait 5 months to get bank approval - it will definitely test your patience - great post! Bob – several of our buyers had to wait 5 months to get bank approval – it will definitely test your patience – great post!

]]> By: gotbob http://focusonfrederick.com/2008/02/27/short-sales-managing-buyer-expectations/comment-page-1/#comment-620 gotbob Thu, 28 Feb 2008 21:14:38 +0000 http://focusonfrederick.com/2008/02/27/short-sales-managing-buyer-expectations/#comment-620 Dan, How about a rehab loan? What are the chances of getting a rehab loan on a foreclosure? Dan, How about a rehab loan? What are the chances of getting a rehab loan on a foreclosure?

]]> By: Dan Eckenrode http://focusonfrederick.com/2008/02/27/short-sales-managing-buyer-expectations/comment-page-1/#comment-618 Dan Eckenrode Thu, 28 Feb 2008 14:32:43 +0000 http://focusonfrederick.com/2008/02/27/short-sales-managing-buyer-expectations/#comment-618 Speaking from the mortgage side of things, Bob is dead on. True foreclosures have their perks by getting the home at a good price, but be ready to shell out some money for repairs; especially if the home has been sitting vacant for sometime, not properly winterized, etc. You might find yourself in the end paying more for the house to get it to be habitible. BUYER BEWARE. Speaking from the mortgage side of things, Bob is dead on. True foreclosures have their perks by getting the home at a good price, but be ready to shell out some money for repairs; especially if the home has been sitting vacant for sometime, not properly winterized, etc. You might find yourself in the end paying more for the house to get it to be habitible. BUYER BEWARE.

]]> By: Demystifying Some of The Issues Surrounding The Purchase of A Home on Short Sale | Cleveland Real Estate News http://focusonfrederick.com/2008/02/27/short-sales-managing-buyer-expectations/comment-page-1/#comment-616 Demystifying Some of The Issues Surrounding The Purchase of A Home on Short Sale | Cleveland Real Estate News Thu, 28 Feb 2008 13:41:23 +0000 http://focusonfrederick.com/2008/02/27/short-sales-managing-buyer-expectations/#comment-616 [...] writing and good explanations. Bob Carney who manages a real estate office in Frederick Maryland does a really good job explaining some of the points about Short Sales.  In a nutshell, a short sale is something home owners can  do when listing their [...] [...] writing and good explanations. Bob Carney who manages a real estate office in Frederick Maryland does a really good job explaining some of the points about Short Sales.  In a nutshell, a short sale is something home owners can  do when listing their [...]

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