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Forums » Short Sales » Need some Short Sale advise

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5 posts by 5 users

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Charles Chase

Real Estate Investor · Pittsburgh, Pennsylvania


Forum_avatar_avatar-chasellc

Icon_minipost Aug 19 '09, 08:51 AM

I am not sure if I can help this young lady but she has a Luxury home in North Carolina. It will go to the bank on August 29th. What if anything can we do? I have no knowledge of doing a short sale or have the desire. I would be happy to give the deal to someone for a finders fee. I am ready to discuss it.

Edited: 06/26/2010 at 09:25AM


Christina Inman

Real Estate Investor · Newport Beach, California


Forum_avatar_avatar-theagentcenter

Icon_minipost Aug 19 '09, 09:55 AM

The owner needs to get a hold of the lender - It won't be a short sale if the bank takes it back...it will be an REO. How to stop the sale is more like the question you need anwered.

Edited: 06/26/2010 at 09:25AM by Administrator : Use signature for your company's info, please.


Tony Walker

Real Estate Consultant · San Francisco, California


Forum_avatar_avatar-loyaltywalker

Icon_minipost Aug 19 '09, 12:46 PM

Originally posted by Charles Chase
I am not sure if I can help this young lady but she has a Luxury home in North Carolina. It will go to the bank on August 29th. What if anything can we do? I have no knowledge of doing a short sale or have the desire. I would be happy to give the deal to someone for a finders fee. I am ready to discuss it.

What bank is the first mortgage?
PM me I might be able to help, depending on what bank though.

Edited: 06/26/2010 at 09:25AM


Moe M.

Real Estate Investor · Murrieta, California


Forum_avatar_avatar-agi_select

Icon_minipost Aug 20 '09, 03:55 AM

Who's the lender?

Thanks.
Moe

Edited: 06/26/2010 at 09:25AM


Mitsu O'Riley

Real Estate Consultant · Savannah, Georgia


Forum_avatar_avatar-mitmitsu

Icon_minipost Aug 26 '09, 04:22 PM

I don't know about the county in NC or the system there specifically, but she can write a letter (fax in) to the judge to postpone the sale because....
She has to have a because.
If she wants to short it and it's been a year already, and hasn't done anything to save her home then it will be really hard to do anything.
She has to have a good because or an attorney that can jump on it and postpone this in 24 hours (from now).

Mitsu

Edited: 06/26/2010 at 09:30AM


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