Agent Pam receives an offer on one of her listings for less than the asking price. The home has been listed for several months; so Pam does a CMA and determines that the offer is more than reasonable in today’s market. However, she believes the sellers will not be willing to accept the offering price. What would be a good approach for Pam to take?
Broadly speaking, non-banks could operate for a little more than two months without receiving additional financing, according to the Mortgage Bankers Association, a trade group. state level, should.
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A mortgage short sale is the sale of a property by a financially distressed borrower for less than the outstanding mortgage balance due where the proceeds from the sale will be used to repay the.
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Why can’t a reverse-mortgage foreclosed house be sold for less than appraised value? Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.
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Effectively, my friend was able to buy a share of the house below its construction cost. From his perspective, he now has a vacation home for three months a year for a price that is less than the expense and hassle of renting hotel rooms, paying resort fees, or buying expensive restaurant meals.