Update -- Our agent just followed up with the listing agent and found that the buyer in primary position has until close of business today to respond to the bank's counter...mind you, the buyer has had the counter offer for three days.
I'm going to draw some conclusions here, but if i were given three days to repsond to a counter offer on a property I was really interested in, I'd have a response back ASAP whether we were to accept, counter back, or move on. It leads me to think that the terms just won't work out for this buyer, or it's an investor situation with less emotional attachment...at least that's what I'm hoping. Who knows? They could accept all terms at 4:59 p.m., but I'm watching the clock now.
I'm not certain that our offer will be the next up to the plate, but I feel confident that we've put forth our highest and best offer for this house, so if what we presented isn't the next best, it just wasn't meant to be.
Thanks for all the feedback! *Fingers crossed*... more
The bank is usually pretty good about clearing up all title encumbrances through the foreclosure. As a part of closing, you will hire a real estate attorney who will perform a title and lien search on the property to make sure there are no clouds on the title.
As a final step- I recommend you buy title insurance to cover you in the future.... more
Your best bet would be to contact a lawyer, another avenue is to contact the bank directly and explain the situation, they may be able to help you. Consider purchasing, you can find a nice home for less then your paying in rent.
Michael Huffman - Realtor
Cherry Creek Properties
Cell: 303-525-8721
Email: mhuffman@cherrycreekpropertiesllc.com
Web: YourDenverHouse.com... more
I'd highly recommend using a Real Estate attorney to make sure you are protected. We use Sharon Zuccaro with Henderson Franklin. 239-344-1100 - Sharon.Zuccaro@henlaw.com
Will there is no address or link to a home. Your best bet is go back to the ad, click on the profile of the listing agent and contact them direct to get an answer to your question.
If the offer has not been accepted, the EMD should not be deposited yet as there is no contract. Anything you do should be in writing. As far as buying a Freddie home it is a long process and not always buyer friendly. the problem is when the agents do not expalin the process to you. It is a shame so few agent can list Freddie homes that do not provide good customer service when there are so many of US that are willing to. There is no way to force them to go faster.... more
There are lots of lists from banks, real estate agents and brokers and people who buy and sell homes. Lots of them are foreclosures. Get yourselves on the lists and Good luck!
There are people out there who do want to help with homes about to go into foreclosure. Please contact me and maybe we can change your idea on foreclosure and get you a buyer instead? It'd be much better on your credit! But weigh your options and see what is best for you. If you'd like to contact me please do at: angie3m@yahoo.com Just here to help if I can!... more
Nancy,
If you are in the Salem Oregon area and are looking for a Manufactured home? I do have someone whom is willing to give up their home if someone just takes over their mortgage payments. He just wants out.
Please contact me: Angela Blake at angie2m@yahoo.com. I will be more than happy to help you!... more
My fellow agent is right here. This is "Attorney" level question. You, all home owners should get together and approach real estate attorney. They do provide free advice. Let me know if I can be of any assistance to you... more
The home at 19934 Keystone is not currently on the market. It is still showing private owned on the tax website.
Good Luck,
Karen Paytas, GRI, CMS
Realtor
Real Living Kee Realty
586-709-8465
kpaytas@mirealsource.com... more
In a foreclosure situation the banks always move forward along two paths at the same time. One path is toward a short sale, the other is toward foreclosure. That way, if the short sale falls thorugh, they don't lose any time. Your offer should not become invalid and more than likely the foreclosure will be put on hold at the end to allow the short sale to close. Listen to your realtor, they will be able to guide you.... more