Comments on: Counter offer and short sale on the Scottsdale home http://www.livelearninvest.com/counter-offer-and-short-sale-on-the-scottsdale-home/ Living life to its fullest by generating passive income through investments Thu, 02 Feb 2012 03:11:13 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: ShortSaleHelper http://www.livelearninvest.com/counter-offer-and-short-sale-on-the-scottsdale-home/comment-page-1/#comment-1170 ShortSaleHelper Wed, 20 Dec 2006 03:03:39 +0000 http://www.livelearninvest.com/2006/12/18/counter-offer-and-short-sale-on-the-scottsdale-home/#comment-1170 A bank will not allow a short sale without the homeowner being delinquent. They also expect the homeowner to have a legitimate hardship. Banks do not consider being upside down a legitimate hardship without some other mitigating factors. A bank will not allow a short sale without the homeowner being delinquent. They also expect the homeowner to have a legitimate hardship. Banks do not consider being upside down a legitimate hardship without some other mitigating factors.

]]> By: LuckyLily http://www.livelearninvest.com/counter-offer-and-short-sale-on-the-scottsdale-home/comment-page-1/#comment-1165 LuckyLily Tue, 19 Dec 2006 18:46:44 +0000 http://www.livelearninvest.com/2006/12/18/counter-offer-and-short-sale-on-the-scottsdale-home/#comment-1165 I've done a few short sales. The success rate depends on the institution (some are more apt to do them than others) and also the demeanor of the loss mitigation contact person. I've never heard of a bank taking a short sale on a loan that's current. I’ve done a few short sales. The success rate depends on the institution (some are more apt to do them than others) and also the demeanor of the loss mitigation contact person. I’ve never heard of a bank taking a short sale on a loan that’s current.

]]> By: RealOG http://www.livelearninvest.com/counter-offer-and-short-sale-on-the-scottsdale-home/comment-page-1/#comment-1163 RealOG Tue, 19 Dec 2006 17:58:30 +0000 http://www.livelearninvest.com/2006/12/18/counter-offer-and-short-sale-on-the-scottsdale-home/#comment-1163 $370k could be the lowest the bank will accept as a short sale. You are right to hold at $350 though. If it is beat up, the bank doesnt want to take this on as a REO. Your location is primo too! $370k could be the lowest the bank will accept as a short sale. You are right to hold at $350 though. If it is beat up, the bank doesnt want to take this on as a REO.

Your location is primo too!

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