Advice.... - Page 2

camily · 02-19-2013, 05:38 PM

Quote:

Originally Posted by sockgirl77

IF you're lucky. Realtors always use that timeframe and it rarely happens.

Ours took 6 months to the day...

*BadGirl* ^(Premo) · 02-19-2013, 06:53 PM

Our short sale took from February to a closing in November. Even after placing a full price offer of their asking price, the house actually was bought for $15,000 more than our original offer. And because of the bank dicking around like they did, we lost out on the $6,500 tax break that was going on at that time.

All in all, the short sale process was miserable, and I'd likely not do it again. We got the house that we wanted in the location we wanted, but I think that we'd have been happy at just about any house.

camily · 02-19-2013, 07:08 PM

Quote:

Originally Posted by BadGirl

Our short sale took from February to a closing in November. Even after placing a full price offer of their asking price, the house actually was bought for $15,000 more than our original offer. And because of the bank dicking around like they did, we lost out on the $6,500 tax break that was going on at that time.

All in all, the short sale process was miserable, and I'd likely not do it again. We got the house that we wanted in the location we wanted, but I think that we'd have been happy at just about any house.

I agree 100%. It was grueling. There were days I just wanted to quit, and cry. We met all the conditions they made in their counter offer and it still took forever. The bank (Chase) dicked around on us also. Funny thing with short sales is that the listing price really means nothing. The bank has the final say. We ended up paying $5,000 more than they were asking BUT like I said, they payed all closing and no down payment. We used a USDA rural development loan.

*sockgirl77* ^(Premo) · 02-19-2013, 07:14 PM

I just went through the short sale crap. After 90 days I passed because I didn't know what was going on with the furlough.

*Baja28* ^(Premo) · 02-19-2013, 08:15 PM

Thanks for all the info. I'm really in no hurry nor is my renter since she already has a TH.

The deal I was looking at won't happen (with me) b/c they already have 5 cash offers over $320K on a $300K listing. I'm not going over $315K.

*DoWhat* ^(Premo) · 02-19-2013, 08:38 PM

Quote:

Originally Posted by Baja28

Thanks for all the info. I'm really in no hurry nor is my renter since she already has a TH.

The new girlfriend?

camily · 02-19-2013, 08:40 PM

Quote:

Originally Posted by Baja28

Thanks for all the info. I'm really in no hurry nor is my renter since she already has a TH.

The deal I was looking at won't happen (with me) b/c they already have 5 cash offers over $320K on a $300K listing. I'm not going over $315K.

Oh Mike, this stopped being about you a long time ago. :)

*sockgirl77* ^(Premo) · 02-19-2013, 08:55 PM

Quote:

Originally Posted by camily

Oh Mike, this stopped being about you a long time ago. :)

*Baja28* ^(Premo) · 02-20-2013, 05:29 PM

Quote:

Originally Posted by DoWhat

The new girlfriend?

Nope and she's history too.

Quote:

Originally Posted by camily

Oh Mike, this stopped being about you a long time ago. :)

02-19-2013, 06:53 PM	#12
BadGirl ^(Premo) I am so very blessed Member Since: Feb 2004 Location: Happyville Posts: 13,049	Our short sale took from February to a closing in November. Even after placing a full price offer of their asking price, the house actually was bought for $15,000 more than our original offer. And because of the bank dicking around like they did, we lost out on the $6,500 tax break that was going on at that time. All in all, the short sale process was miserable, and I'd likely not do it again. We got the house that we wanted in the location we wanted, but I think that we'd have been happy at just about any house. Share Share this post on Digg Del.icio.us Technorati Twitter Add post to Facebook __________________ . I like to be right. Everyone's entitled to my opinion. If you don't have anything nice to say to someone, then you need to STFU.
	[ Reply w/Quote ]

02-19-2013, 07:14 PM	#14
sockgirl77 ^(Premo) :pervinerdi: Member Since: Aug 2003 Location: Cloud 9. Posts: 39,001	I just went through the short sale crap. After 90 days I passed because I didn't know what was going on with the furlough. Share Share this post on Digg Del.icio.us Technorati Twitter Add post to Facebook __________________ Click me!
	[ Reply w/Quote ]

02-19-2013, 08:15 PM	#15
Baja28 ^(Premo) Obama destroyed America Member Since: Mar 2005 Location: Silence!! I throw shoe at you! Posts: 23,430	Thanks for all the info. I'm really in no hurry nor is my renter since she already has a TH. The deal I was looking at won't happen (with me) b/c they already have 5 cash offers over $320K on a $300K listing. I'm not going over $315K. Share Share this post on Digg Del.icio.us Technorati Twitter Add post to Facebook __________________ Oh Baby, Roses are red Grass is greener When I think of you I touch my wiener "Participating in a gun buyback because you believe that the criminals have too many guns is like having yourself castrated because you believe that the neighbors have too many kids."
	[ Reply w/Quote ]

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode


\| Write Us \| Help \| Sponsors \| Classifieds \| Employment \| Forums \| MarketPlace \| Calendar \| Headlines \| Announcements \| Weather \| More... \|