Homes For Sale

How much can you offer on Short Sale Homes??

We are looking to purchase a home that is currently being sold as a short sale. It was listed for $155,000 and now being listed as a short sale for $139,900. With the housing market being SO bad, we don’t know what to offer. We don’t really even know what a short sale is. The home was built in 1997 and is in a good neighborhood. It’s also in great condition. What is a short sale and what should we offer???

A short sale (or sometimes called a compromise sale) occurs when a mortgage company agrees to help a homeowner sell their house even though the homeowner can’t sell the house for enough to pay off the mortgage.

If an owner in that situation has no cash in the bank or any other asset that can be sold to pay the difference, the bank will often agree to “forgive” the difference or loan the seller the difference on a personal note.

The bank would want to assure themselves that:

The home is being sold for as high of a price as it possibly can in the current market.

The seller has no other alternative and the loan will soon be in default if the short sale is not agreed to.

There is no fraud involved in the original purchase or in the current sale. (If you are attempting to short sale to your boyfriend to defraud the bank for example)

That the bank will be better off accepting this short sale than foreclosing on the house.

——————–
None of this means that the house will be a good buy for you. To determine if it is a good price for you then you would need to compare this house with other homes on the market that are similar. Pick the one that you will be happy with and happy with the price–that is the best house.

Homes for Sale – 3217 Hartford Way – Matthews, NC 28104 – Leslie Lambert

Cloud b Twilight Constellation Night Light, Turtle $32.00 Comforting and adorable, the Twilight Turtle nightlight projects a complete starry night sky onto the walls and ceiling of any room, making night-time less scary and more fun. Choose from three soothing color options to create a magical, tranquil environment that helps children from age three and up to ease into restful sleep. .caption { font-family: Verdana, Helvetica neue, Arial, serif; font-…

Cheetah Mounts ALAMLB LCD TV Wall Mount Bracket with Full Motion Swing Out Tilt and Swivel Articulating Arm $13.50 This mount fits the majority of displays in the 23-37″ size range and some models up to 42″. Specifically, it fits VESA 50 – 200 hole patterns and TVs weighing up to 65lbs. If you are unfamiliar with VESA patterns, these are square or rectangular patterns between 2 and 8 inches per side. This mount provides 20″ of extension, 180 degrees of rotation, +/- 15 degrees of tilt, 4 degrees of rotati…

Brita Water Pitcher Replacement Filter $62.50 Brita® Pitcher Replacement Filters…

Charity Starts at Home $8.67 The multi talented frontman of Little Brother and the Foreign Exchange drops his long awaited solo album. Phonte Coleman is a Grammy nominated Artist hailing from North Carolina. In addition to his impressive body of work as part of rap group Little Brother. He has also achieved substantial critical acclaim as a singer and songwriter for the genre bending soul ensemble The Foreign Exchange. Antici…

Some Kind of Wonderful (Special Collector’s Edition) $4.21 A young tomboy Watts (Mary Stuart Masterson) finds her feelings for her best friend Keith (Eric Stoltz) run deeper than just friendship when he gets a date with the most popular girl in school Amanda (Lea Thompson). Unfortunately the girl’s old boyfriend Hardy (Craig Scheffer) who is from the rich section of town is unable to let go of her and plans to get back at Keith.System Requirements:Running…

Illuminations $3.76 CD Illuminations…

Dumbo (Two-Disc 70th Anniversary Edition Blu-ray / DVD Combo Pack in Blu-ray Packaging) $19.75 THE INSPIRATIONAL TALE OF DUMBO, THE COURAGEOUS BABY ELEPHANT WHO USES HIS SENSATIONAL EARS TO SOAR TO FAME WITH THE HELP OF HIS CLEVER BEST FRIEND TIMOTHY Q. MOUSE, WILL THRILL AND DELIGHT AUDIENCES OF ALL AGES….

The Fox and the Hound / The Fox and the Hound Two (Three-Disc 30th Anniversary Edition Blu-ray / DVD Combo in Blu-ray Packaging) $16.00 Studio: Buena Vista Home Video Release Date: 08/09/2011 Rating: G…

Of Gods and Men (Two-Disc Blu-ray/DVD Combo) $24.98 LOOSELY BASED ON THE LIVES OF THE CISTERCIAN MONKS OF TIBHIRINE IN ALGERIA FROM 1993 UNTIL THEIR KIDNAPPING IN 1996, OF GODS AND MEN TELLS A STORY OF 8 FRENCH CHRISTIAN MONKS WHO LIVE IN HARMONY WITH THEIR MUSLIM BROTHERS….

Belkin Mini Surge Protector/Dual USB Charger Protect your electronic devices wile traveling….