short sales

5 Replies

I want to move a short sale im trying to lock up a little faster then my Realtor can move. She won't be back in town till Wednesday from her easter vacation. I need to get my contractor in there to do a repair estimate so I can figure out what I want to offer on the house.

Can I call the bank and ask for the lock box code also if a valuation on the property was done?

No, the bank won't/can't tell you anything. They don't own it, and can't talk to you regarding anything dealing with the owner. The bank doesn't know the combo anyway, it's not even their agent.

Wait for your agent. They should know what questions to ask the other agent, and get more truthful answers, along with the knowledge to research themselves, things such as how many mtgs/liens, who the mortgagees are, past submittal issues, etc. Also realize you'll need a legitimate POF or preapproval, and won't be able to assign the contract, or do an immediate resale depending on who the lender/investor is.

Yes short sales move slowly so you can probably afford to wait, but my 2 cents as an agent, is that if your agent is serving you well they should have someone available who can get you inside properties when they're out of town. Denver's market moves so fast I'd be out of business if I didn't have a showing assistant to cover when I'm not available.

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