All Forum Posts by: Maryann L.

Investment Info:

Single-family residence other investment.

Sale price: $343,900

Negotiated short sale

What made you interested in investing in this type of deal?

Homeowner called me due to foreclosure

What was the outcome?

Short sale closed

Investment Info:

Single-family residence other investment.

Sale price: $2,200,006

Negotiated short sale

What made you interested in investing in this type of deal?

Homeowner called me due to foreclosure

What was the outcome?

Short sale closed

Investment Info:

Single-family residence other investment.

Sale price: $220,000

Negotiated short sale

What made you interested in investing in this type of deal?

Homeowner called me due to foreclosure

What was the outcome?

Short sale closed

Investment Info:

Single-family residence other investment.

Sale price: $189,000

Negotiated short sale

What made you interested in investing in this type of deal?

Homeowner called me due to foreclosure

What was the outcome?

Short sale closed

Investment Info:

Single-family residence other investment.

Sale price: $173,000

Negotiated short sale

What made you interested in investing in this type of deal?

Homeowner called me due to foreclosure

What was the outcome?

Short sale closed

Investment Info:

Small multi-family (2-4 units) other investment.

Sale price: $215,000

Negotiated short sale

What made you interested in investing in this type of deal?

Homeowner called me due to foreclosure

What was the outcome?

Short sale closed

Investment Info:

Single-family residence other investment.

Sale price: $350,000

Negotiated short sale

What made you interested in investing in this type of deal?

Homeowner called me due to foreclosure

What was the outcome?

Short sale closed

Investment Info:

Single-family residence other investment.

Sale price: $160,000

Negotiated short sale

What made you interested in investing in this type of deal?

Homeowner called me due to foreclosure

What was the outcome?

Short sale closed

Investment Info:

Condo other investment.

Negotiated short sale

What made you interested in investing in this type of deal?

Homeowner called me due to foreclosure

What was the outcome?

Short sale closed

So it has to go before the court to get approved.  Everything.  So the listing agent's contract, your contract with the seller etc.  The court has to approve the whole thing.  The court even approves the price.  Once approved by the court the lender will approve, and I believe it goes back to court one more time to give the final seal of approval.  SOMETIMES I've seen the trustee put a hefty fee on there for themselves.  I don't think it's much  of a big deal.  Certainly a bit more work, but we've done several of them.  You need a good BK attorney that's ok to work with though and in my opinion not all BK attorneys like short sales.