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As for your $50K higher offer, keep in mind that assuming the offer doesn cover the full payoff it is no Nike Shorts Boys better for the seller financially than the $50K lower offer. Either way, the sellers walk away with nothing, likely won have to face a deficiency and likely won have to deal with any tax consequences. The sellers don care if the offer is $1 below the payoff amount or $100,000 below the payment.

For example, perhaps the guy who has the house under contract is the guy who sent the homeowners a letter looking for off market deals. And perhaps the guy spent a couple hours talking to the homeowner about their house, their mortgage and their options. And perhaps the homeowners decided to do a short sale and trust this guy explicitly and appreciate all the time and energy he put into helping them.

Originally posted by Steve K:

Steve, what you are describing happens all the time in my area. In one instance, I attempted to make an all cash offer over the asking price on a $110k house. However, the listing agent informed me that they already had multiple cash offers (up to $170k), but the seller was ONLY interested in selling to his friend for $110k. So my offer wasn even considered.

Originally posted by Steve K:

from the seller. I offered $50k over asking, all cash, high emd, no contingencies, 14 day close. If that kind of offer doesn even get a response from the listing agent I not sure what would. On MLS less than one day.

Short Sale Pocket Listings

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I going to have my attorney contact the attorney handling the bank side of the foreclosure and pass along my offer in the event that the accepted offer was lower than mine. It my hope that the attorney will pass this offer along to the asset manager. Maybe that will get me somewhere and maybe it wont.

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Of course, the bank could use your offer to define a higher value for the property and subsequently not accept the lower offer based on the value, but that completely different than the bank accepting your offer for the seller.

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Has anyone done this successfully? Any other strategies that might help? I tired of the unethical agents and sellers but i realize they just part of the current landscape.

Keep in mind that a deal can be a "pocket listing" and still be "arms length".

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I'm guessing we've all been victims of non arms length short sale pocket listings several times. Yesterday I bid $50k over asking with no response from the listing agent. Same story, different day.

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In the end i guessing it will end up exactly as you say but should things turn out differently i post an update.

Has anyone done this successfully? Any other strategies that might help? I tired of the unethical agents and sellers but i realize they just part of the current landscape.

It crooked as hell, but it the way business is being done in today real estate market. I feel your frustration though.

If something like that is the case, you can blame the sellers for wanting work with him as the buyer. And it still an arms length transaction.

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There are a LOT of shady deals when it comes to short sales, and it usually involves the seller selling to a friend and then renting the house back at a reduced rate and/or sometimes even having an agreement to rent the house back for a short time and then later buying the house back (for more than what the buyer paid but far less than what was originally owed on the house prior to the shortsale).

I realize there are a million reasons why my offer might not win, but in this case I about 75% sure it not an arms length deal based on info I dug up about previous sales from the seller. I offered $50k over asking, all cash, high emd, no contingencies, 14 day close. If that kind of offer doesn even get a response from the listing agent Nike Short Sleeve

There are a million reasons a seller chooses one offer over others, and to expect a bank to say, "This offer has a higher purchase price, you need to pick that one!" isn realistic.

While the bank would prefer the $50K higher offer, the sellers don care and prefer working with this particular buyer. Legally, it doesn matter what the bank prefers.

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commercial deals so figured it might be worth a try. The servicer couldn force the seller to sign a contract, but they could certainly influence it based on deficiency amounts they require.

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The problem with this strategy is that you passing along an offer that hasn been accepted by the seller. The bank can force the seller to accept an offer, and there are more conditions in the contract other than price. Just because your offer might be higher than the other offer doesn mean yours is a better offer. Maybe the other offer is all cash, maybe there are no contingencies or inspection period, maybe they are willing to close the exact day the seller needs them to, maybe they plan to donate the house to charity and the seller wants to support that cause, etc.

I not sure what would. On MLS less than one day.

Edited Apr 5 2013, 11:09 by Steve K

This Happens ALL the TIME in my area. There a million shady things that can go on with a short sale. Ive put in higher offers all cash no contingencies and still did not get the contract on the home. That just the way the market is being played right now and its all up to the sellers anyway to decide so its out of your hands just keep it moving to the next short sale :)

I realize there are a million reasons why my offer might not win, but in this case I about 75% sure it not an arms length deal based on info I dug up about previous sales Joggers Nike Men

I know of two instances where my strategy worked in Nike Shorts For Basketball

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