All Forum Posts by: Chris S.

thanks guys...very helpful. I guess i just wanted to know what they paid for it, so i had some sense of where my bargaining power might be.

So, i went to an open house that both my fiance and i are interested in. The broker told us that she purchased the house at an auction and she is re-selling it. I guess it was a foreclosure (ughh.. wish i knew about the auction). She gave us an addendum to the listing that says the transaction will not qualify for FHA and VA financing. It says that the seller will not have held title to the property for ninety days prior to closing and will not meet seasoning requirements. IT also says that she needs a simultaneous closing, in which she buys the property and sells it to us.

Can someone please explain all of this to me? IS there anything at all fishy about this? Also, is there any where for me to find out how much she paid for it at auction. Like i said, i wish i had known about the auction. Do real estate agents have better notice than someone like me as to upcoming auctions?

Thanks!