Loading the slideshow

The slideshow requires script be turned on to function.

FIND YOUR DREAM HOME OR APARTMENT

or
Powered by
 
16Comments
Dec 6, 2013 2:32AM
avatar
We buy houses in and near Panama city. Do you know any list of short sales near Panama?

Thomas real estate
http://sellfastpanamacity.com/ 
Nov 13, 2013 6:10PM
avatar
i sold my house short sale in 5 months. I was deeply underwater. I had two loans and was in a state that allowed the lender to come after me for a deficiency. Both lenders waived the deficiency and put it in writing. There were no fees, no monies that I the seller had to come up with at closing and apparently my 1st lender is one of the hardest to deal with. The 2nd lender (in my case) approved the sale immediately. Nor did they come after my savings acct or retirement accts. It was NOT easy peasy but it's not as difficult as the article states. Make sure you have a good negotiator and do your research. We had a valid hardship and I believe that helped the process. My house sold for just slightly over 50% of my mortgage.
Nov 13, 2013 3:54PM
avatar
I recently within the year, attempted to purchase a home that was advertised as a "short sale"... the bank was Bk of Am.... which was also the mortgage service co... the former homeowner's note was a VA loan.... the house 1867 sq ft., original list was 129K, then lowered to 119K... 150feet dowhyn the street a similar ranch style home w/ 2176 sq ft, a pool, full brick fire place and custom book shelves, sold for $51 a sq ft.... I took my offer down to $55 a square foot, the home owners were willing to take the deal, but when it came to Bk of Am... H E double hockey sticks NO, they wouldn't budge off of $112K... after 4 months of back and forth crap from BoA, I told them to kiss my haines...the home went to foreclosure, the starting bid figure at the sheriffs sale was $75K, VRM who reps VA repos, they relisted the house for $85 K, and sold it within 3 days for $90K with 21 offers within that short amount of time... the home still needs $12K in HVAC and bath remod... but this is how stupid the pencil pushers are at BoA, Fargo, and any of these big servicing agencies... Ive heard through realtors, BoA has approx. 200+  empty homes on the North side of Tulsa which is the depressed area of that city, aka ****er side of town...those stupid idiots, BoA, they can eat them...
Nov 13, 2013 2:21PM
avatar
I bought my house last year from a short sale. It did not take long and I got a nice house for a really low price. It was a great deal for me. 
Nov 13, 2013 1:14PM
avatar

i tried a short sale. first off, you need to understand your note may only be serviced by the banks like wells fargo. the actual note may be held by freddie or fannie, so the bank you're dealing with doesn't even have the authority to issue a short sale. these banks just collect the money every month and keep the papers straight-for a fee. actually, if you wait long enough in foreclosure you may be offered cash for keys. in my circumstances, freddie gave me 3k to get out of the home in a month. now,  will they come after me if there's a deficiency at sale time (last time i looked the home is still vacant)?  good question. i have no idea. now in texas, the lender gets a 3 year window to go for a judgment on the prior borrower. but this varies from state to state. some allow 1 year.

 

i will say, had a cash buyer offering 90% of the note amount, and was rejected for a short sale. so you can't say i didn't try. the values in my hood went down (at least) 35% from what i paid in 2005 for the home.

 

you're not stuck. just sit in the home until they send you an offer to get out.

 

i wrote and called (and just who do you talk to? no one you find ever has authority to do anything except send you paperwork to fill out).

 

it took 2 years in my case to get them to do something.

Jun 9, 2012 11:54PM
avatar
The housing market fell because develaptors built 35,000.00 dollars & sold them for 300,000.00 or more. and the realtors were selling homes from the 1960's for 250,000.00 or more, when they were new only went for 13,000.00 to 19,000.00. The banks, lenders gave the loans to non U.S. citizens, & all the interest only loans, WHY WOULD ANYONE SIGN ANYTHING LIKE THAT? Or pay 300,000.00 for a home that you can stand inbetween them and touch booth homes, Or your neyberos can look right into your masterbath, or bedroom? SO I guess the blame goes to all of you who bought the homes in the first place!!!!!!!!!!
Apr 18, 2012 8:43AM
avatar
Buying short sale is really long tedious process and time consuming. I don't find any rewards but finding nuisance because it is too much hassles and upsets.  A short sale experience realtor is helpful but not always.  it is depend on the banks.  Some banks are faster and easy to deal with but most the banks are slow and your papers are offen getting lost due to bank workers move around. Several years ago, I submitted for a very nice property. The short sales procedure was done properly but after 6 months of waiting for the bank to approve, it approved. The owner changed mind and I lost money for a home inspection  Finally she filed for a bankruptcy bank sold the property cheaper to another investor.  Second one was successful because the my realtor and the seller were very motivated. They fought with the bank in court to stop foreclosure. Seller wrote letters, phoned calls.  I really had a good deal with this one.  Third one has been very long since November 2011 and the BAC bank lost my offer.  They asked our agent to submit the offer again. Nothing has happened yet. I don't know if the bank accept my offer or just many months anxious waiting, they ask for more. If they ask for more, I of course walk away. It is upsetting.
Apr 14, 2012 8:47AM
avatar

We are all killing the market! By our continuous appetite for imports. Without

any regard as to how it will effect our future, jobs, standard of living etc.

We also pressure our markets for immediate returns on our investments, rather

the focusing on long term investments, and solid returns.

We need to stop blaming others, and do our share to improve our future!

Apr 14, 2012 8:40AM
avatar
Not only does a bank make money on past payments of mortgages but they make money on the insurance, the resale of the property, Then there is the increase of worth the house has. I don't know of too many people who don't make second mortgages to personalize the home with things they would like or need to have. But remember this. We went through the same thing with the first Bush Presidency. It is truly a Neoclown joke on We The People. Have you read the American Nazi Party has hired Lobbyists. What's next a Republican Hitler for President. The Neocons do not have Middle and Lower Class citizens in mind as they throw big corp and wealth  at their Pols.
Apr 14, 2012 8:38AM
avatar
We are trying to short sell our house in So. Cal. right now (since September actually). It is hard to do because those who are in the market to buy, don't want to wait the 4 to 6 months it takes to have the sale go through. (The only reason it even takes that long is because the lender drags it out for that long.) We have had two offers that were both only $ 30K less than what we owe, but the buyers pulled out because of the time it would take for the sale to go through.
Apr 14, 2012 8:10AM
avatar
democrats rule!!!! we are the future!!!!
Apr 14, 2012 7:38AM
avatar

Dghuggs, Since you mention only republicans are responsible for this housing messon I can easely see how politicality ignorant or politically fake you are.

This is typical beheavior of the Liberals beacuse "Liberals are Fake, Frauds and Phonies"

If you only knew an ounce of politics then how do you explain the following names that were responsible for this mess: Barney Franks and Andrew Coumo(1998).

Do your reseach and you'll see who and how they cause this mess.

Please instruct yourself before you open your Liberal, intelectually challengedl and confused mouth.

 

Tm

Apr 14, 2012 6:56AM
avatar
Banks insure against bad loans by taking out policies for the full value of the loan from three or four sources:  Bank of America insures loans through AGI, the FDIC, and their own private carrier.  So if a loan is bad they get paid three times, plus they get whatever equity the buyers had in the house.  Wonder why they were handing out so many bad loans?  They truly didn't care if the loan failed, they made a huge profit anyway.  And other banks are doing the same thing, Wells Fargo for one.  How much did this practice contribute to the recession?  Do we stand a chance when bank loans, oil prices, and the stock market are being manipulated by such evil means?  Vote all Republicans out, they're eating out of the hands of these corporate monsters!
Apr 14, 2012 5:34AM
avatar
face it our government is bought and paid for by the banks and giant corporations, while the republicans rail against supposedly socialist government proposals they are all to willing to carry on with socialistic policies that protect the to big to fail financial entities that shuffle paperwork and calls it "production", I call it looting the American treasury.
Apr 14, 2012 2:26AM
avatar
this is what is killing the market, the banks still make a profit but cause the value of your home to fall. the banks are rewarded once again.
Report
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
Categories
100 character limit
Are you sure you want to delete this comment?

WHAT'S YOUR HOME WORTH?

video on msn real estate