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I placed an ill advices first offer about 8 weeks ago. No, counter offer.. and my agent clled the listing agent and finally after 6 days and countless emails got hold of him.. I do not mind saying that my ill advised, uniformed offer of 175$ was neither countered nor answered. __________, the mortgage lender's loss mitigator would not respond, ander emails or returm calls. So, after 5 weeks I submitted an offer of 134K, no response, no counter nada. So, I called the listing agent and said, "what gives?" WHy didn't anyone counter or accept the first offer.? Ah, duh, I dunno know, is response." So, it may be time to move on. The lender and this agent appear to be incompetent and do not seem professional

Ready to make 3rd offer on a short sale. This time I am cutting out my agent (friend) and using their listing agent only. They did not respond to my uninformed first offer (too high)175K and did not respond to my fair- second offer 135K. ARV= 205-208$, asking 199K, I'm breaking rules here but want to submit a 143,500 offer. Am I getting sucked into a "I've gotta have it?" syndrome? Logical minds please respond!

thanks

Are HUD properties the same as Section 8 housing? That is, tenant's partial rent is goverment paid to the landlord?

The REO has a price of $204,900. On another note, I put in the offer for a short sale at 131,000$ ; listing at 199K, with a 58K second and 138K first. Pretty house 2003, not expecting bank will accept but doing it. :wink:

Ah ha!! the persistance factor! Thank you for the insight with the bank rearding the REO and how they go about obtaining a price. Also, I did not know the owner had any say in "signing off" on the short sale. I'm taking another stab at a short sale property. I also knoe that a REO is coming up anyday know with a price. I know the REO owed price was 198,500$ so I'm interested to see how that one breaks-yikes..

I'm considering making a run at this preforeclousure agian- short sale. Listing price is 199K, purchase price in 2003 was 150K. I have not paid for a professional inspection-- minor cosmetic repairs in my view- I've been inside the property. Comps are about 210-215K upon more research. Before I give the offer price what else should I submit with the offer to get the Bank off their A**!! Should I add a this offer good for 5 business days type statment. Do I factor in a subject to ? Offer price suggestions.

Okay employee identification number = EIN for the LLC?

Doh! I fianlly got the brain synapses to fire. So ARV and Subject to are the same but refered to with different terms.

EIN?