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Updated over 11 years ago on . Most recent reply

Bily Elliott's profile image
Bily Elliott's profile image
Bily Elliott
  • Investor
  • from Tulsa, Oklahoma
  • Member since Aug 26, 2013
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38
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1
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Bily Elliott's profile image
Bily Elliott's profile image
Bily Elliott
  • Investor
  • from Tulsa, Oklahoma
  • Member since Aug 26, 2013
Connect
Bily Elliott
  • Investor
  • Tulsa, OK
1
Votes |
38
Posts
Buying & Selling Real Estate

Short sale question

Bily Elliott
  • Investor
  • Tulsa, OK
Posted

I am looking at a property that is for sale via short sale, it is a low cost home, but not in a bad area. It is listed at 30K, I plan on getting a 401K loan and making an offer. The 30K list price means that the lender has agreed to take that price right? Would I be crazy in offering 20K with proof of funds and being able to close in 5 days?

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