Investors Lounge Online

XLarge Large Normal

Investors Lounge Online Blogs

Developing Community!

Tag >> BPO

Lenders, Buyers and Sellers ... Apprehensive About Short Sales ..

Posted by: Investors Lounge Online in Short Sale, Brokers Price Opinion, BPO on Apr 23, 2008

With the state of real estate markets, coming to an agreement between buyer and seller is difficult enough. This difficulty is increased when a so-called short sale is attempted, usually by a borrower struggling with their home loan. In these situations the seller must also have the approval of their mortgage lender.

Short Sales The term short sale refers to an owner attempting to sell a property for an amount less than the value of their loan. These types of arrangements are hard to accomplish in part because the mortgage servicing company must also approve of the diminished sale price.




In this situation, the parties involved are at the mercy of the institution in ownership of the loan of the seller. Even when a sale price is agreed upon by both buyer and seller, the company owning the loan could be hesitant to accept the offer and may take upwards of two months to make a decision in regard to the suggested figure.


Comment (0) Read More...

Snapshot of a Short Sale

Posted by: Alan Brown in Short Sale, BPO, Bankruptcy on Apr 17, 2008




Comment (0) Read More...

Building a Rapport with the BPO (Broker's Price Opinion)

Posted by: Alan Brown in Short Sale, Brokers Price Opinion, BPO on Apr 17, 2008




Comment (0) Read More...

Most Recent Listings

14901 Darwn
Cleveland, OH
10,000 USD
1433 E 116
Cleveland, OH
7,500 USD
15421 Macauley
cleveland, OH
OR 49,000 USD
3 Br / 2 Ba
dubai rental property, rental properties dubai, holiday villas dubai, dubai properties for rent Al Barsha, Dubai, U.A.E
Dubai,
40,000 AED
Boomerang, Foreclosure, For Sale, Sale, Finance, Elaine Boden, Bargain Deal, Owner Finance 716 Ardmore Blvd
Wilkinsburg, PA
29,600 USD
3 Br / 1 Ba
condo for sale, md condos, house for sale, foreclosure, short sales, pg county homes for sale, we buy houses, sell house Donnell Pl
District Heights, MD
40,000 USD
2 Br / 1 Ba / 6 Unit(s)
1648 Hillcrest
Cleveland Hts, OH
OR 79,900 USD
6 Br / 3 Ba

Subscribe

Subscribe to this blog...

Email Subscription

Latest Comments

Latest Blogs

Tags

Blogroll

Disclaimer: Investors Lounge Online does not necessarily endorse the real estate investors, agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a real estate. Investors Lounge Online takes no responsibility for the content in these profiles that are written by the members of this community. Before entering into an agreement with a seller, buyers should obtain the advice of a real estate attorney. The blogs and blog entries are not meant to be construed as legal advice.