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|We buy houses in and near Panama city. Do you know any list of short sales near Panama?|
Thomas real estate
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.
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!
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.