How do I get the result only of a short sale or foreclosure

In Buying Property - Asked by Avishay d. - Sep 15, 2011
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Answer(s)

Imei H.
Developer
Duarte, CA

Short sale - There are parties that with controls of short short result, the lender, all other lien holders & the property owner. You need to have the property owner welling to accept your short sale offer & sign the purchase contract. The purchase offer amount needs to be approved by the lender & pay off all liens to release the title free & clear to you. You need to work with the terms that are workable to all of these parties to have real result.
Foreclosure - The party that foreclosed the property is the party that you need to work with. Usually the bank is the one. They like to work with buyer who is capable of closing on time with fair market price.

Sep 21, 2011
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Christopher S. R.
Broker/Agent
Pembroke Pines, FL

Can you expand more on your question? Please tell me more about what exactly you like to know.

Oct 28, 2011
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Christopher S. R.
Broker/Agent
Pembroke Pines, FL

On buying Short Sale: The Buyer need to show prove of funds to the Bank with the offer, your ability to pay for the property now, It also help when you submit comparables with your offer to back up you offer with actual facts.
The same it’s true on a Foreclosure.
Christopher S. Raimundo
Managing Member
Raimundo Real Estate team, KW Commercial

Oct 28, 2011
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