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Forums » REOs » Intel on Nationstar Financing

Intel on Nationstar Financing Subscribe to Intel on Nationstar Financing

5 posts by 4 users

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Christian Malesic

Real Estate Investor · Harrisburg, Pennsylvania


Forum_avatar_avatar-heathen
Moderator

Icon_minipost Sep 21 '08, 08:00 AM

I am seriuosly looking at a property they now hold as an REO. Any experience with them out there?

As is usually the case - their asking price is too high. Do they negotiate?

Edited: 06/26/2010 at 05:58AM


Kristian Peter

Real Estate Consultant · San Diego, California


Forum_avatar_avatar-kristian

Icon_minipost Sep 22 '08, 05:37 AM

Nationstar is like most REO companies - not much negotiation in price over the first 90 days, then anything over the magic number '151' days, they tend to get very negotiable...

Edited: 06/26/2010 at 05:58AM


Bryan .

· PA


Forum_avatar_avatar-ibmally

Icon_minipost Sep 23 '08, 06:58 AM

In my experience they are terrible. We agreed to a price and I signed the contract, returned to them for her boss to sign. They then yanked the deal because they had a higher bid. I considered legal action but my attorney indicated that it wasn't worth the fight. I'll never deal with them again.

Edited: 06/26/2010 at 05:59AM


Christian Malesic

Real Estate Investor · Harrisburg, Pennsylvania


Forum_avatar_avatar-heathen
Moderator

Icon_minipost Sep 23 '08, 11:03 PM

Thanks Kristian and Brian

Not the news I wanted to hear, but what I was expecting.

I think I will treat it like wine and 'let it age'.

Edited: 06/26/2010 at 05:59AM


Jean B

Homeowner · Fort Pierce, Florida


Forum_avatar_avatar-jetterhead

Icon_minipost Sep 24 '08, 12:19 AM

My goodness. You would think the banks or their rep's would be happy to get an offer. If it is low, so be it...say thanks, but no thanks. I would think some folks out there that have the dollars will buy at a decent price. But those looking now are not fools. We have seen what the past has done. Sigh. Thanks for letting me vent.

Edited: 06/26/2010 at 05:59AM


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