All Forum Posts by: Dee Xixi

Dee Xixi has started 58 posts and replied 168 times.

Thanks Charles.
I am a little bit confused on the answer tho

0 Votes

I just sell my fha property which i own for 1 yr and six month, just wonder how much tax to pay or do i have too. I want to use the profit as down deposit on two rehab property.

0 Votes

hi guys thanks for all the great response. By any chance does anyone have a sample of the structure of owner financing. I know i might have a lawyer in Ma draw the note but I just want to see a sample please.
Thanks

0 Votes

Originally posted by Scott Hubbard:

Originally posted by Dee Xixi:

Here's my question, the lender approved the short sale but their asking price is basically the fair market value for the property.

I messed in the BPO, and I ended upbeing in a fight with her the day before the BPO. I want to work away but for the sake of the owner I am trying not too.

Originally posted by Dee Xixi:

Realistically I can sell the home between 5-10k more from their asking. Therefore is there a way that I can assign the property to a buyer for let say 10K with out double close or flip because i dont have a marging of profit that will allow me do that.

I have assigned two short sale contracts recently, but they are very rare. Generally, the only way you can assign a short sale is if the approval letter does not specify a buyer. Unfortunately most will.

You can collect a negotiation fee and go A to C asking C to pay you an SS negotiation fee. The problem here is if the fee is too high (usually greater the 3%) their lender will usually not allow your end-buyer to pay. If it is a cash-buyer, then your golden.

If you know the end-buyer, you might be able to work something with them by paying outside of closing a wholesale fee, but this is generally only going to work if this is a well below market deal and this one is not.

Since you were really unable to get a good price, you might want to move on. When you miss your number, try to figure where you failed. Learn from it so you can not make the same mistake again.

0 Votes

have anyone acyually get pay from a lender short sale negotiator fee. What is a reasonable asking fee?

0 Votes

instead than open a new discussion, i figure that i can ask the question here because I have the same exact scenario.
Here's my question, the lender approved the short sale but their asking price is basically the fair market value for the property. Realistically I can sell the home between 5-10k more from their asking. Therefore is there a way that I can assign the property to a buyer for let say 10K with out double close or flip because i dont have a marging of profit that will allow me do that.
Thanks for any advice

0 Votes

Good closing attorney for the Boston area too.
Thanks for any reply

0 Votes

Thanks for the great response Scott. This is my first shortsale so i am learning also and doing.

0 Votes

But Scott, should I even bother go during the BPO? I ended call the BPO agent to find out why she did not call me, her response was I did what was right which is call the listing agent. I am not sure what is the right thing to do now, i did argue with her over the phone also.
Thanks

0 Votes

Does anyone have any information about double closing in the state of Massachussetts. About closing company, state law, title comapany. I am just getting ready for a double closing next month

0 Votes

← … 8 9 10 11 12 13 14 15 16 17 →

All Forum Posts by: Dee Xixi

Dee Xixi has started 58 posts and replied 168 times.

Post: Do I pay tax on selling my fha home

Post: Do I pay tax on selling my fha home

Post: What is it involve in an owner financing, this is my first one

Post: Short sale exit strategies

Post: Does lender pay negotiator fee for a short sale?

Post: Short sale exit strategies

Post: Double Close Atty in Atlanta

Post: Should I bring the listing agent to the BPO

Post: Should I bring the listing agent to the BPO

Post: Can someone help me with this double close deal?