2,784,566
On short sales...all logic, common sense and savvy is nearly extinct. Great game show question here
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Agi Anderson
Melbourne, FL
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Bob Crane
Stevens Point, WI
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Yolanda Cordova-Gilbert
Richmond, TX
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Michael Jacobs
Pasadena, CA
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Peter Mohylsky, Beach ...
Miramar Beach, FL
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Nina Hollander, Broker
Charlotte, NC
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Richie Alan Naggar
Riverside, CA
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Ryan Huggins - Thousan...
Thousand Oaks, CA
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Mary Yonkers
Erie, PA
1,231,853
Might be luckier rolling the dice than second guessing a bank especially on short sale. Good luck
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Agi Anderson
Melbourne, FL
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Richie Alan Naggar
Riverside, CA
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Bob Crane
Stevens Point, WI
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Mary Yonkers
Erie, PA
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Yolanda Cordova-Gilbert
Richmond, TX
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Anthony Acosta - ALLAT...
Atlanta, GA
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Nina Hollander, Broker
Charlotte, NC
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Michael Setunsky
Woodbridge, VA
4,319,773
Peter Mohylsky - difficult to judge,,,,
After all its a short sale!
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Mary Yonkers
Erie, PA
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Yolanda Cordova-Gilbert
Richmond, TX
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Anthony Acosta - ALLAT...
Atlanta, GA
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Nina Hollander, Broker
Charlotte, NC
420,003
Higher priced one IF the financing is a lender they know and trust. Cash often isn't really cash at closing
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Yolanda Cordova-Gilbert
Richmond, TX
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Peter Mohylsky, Beach ...
Miramar Beach, FL
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Debbie Gartner
White Plains, NY
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Mary Yonkers
Erie, PA
5,112,471
Richie Alan Naggar got this answer right! No rhyme or reason or common sense in short sales.
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Mary Yonkers
Erie, PA
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Yolanda Cordova-Gilbert
Richmond, TX
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Anthony Acosta - ALLAT...
Atlanta, GA
2,191,798
A Short Sale and Quick in the same sentence ???????????????
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Mary Yonkers
Erie, PA
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Michael Jacobs
Pasadena, CA
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Nina Hollander, Broker
Charlotte, NC
6,417,615
I think that Richie Alan Naggar , Mary Yonkers and other have called this one pretty accurately.
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Richie Alan Naggar
Riverside, CA
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Mary Yonkers
Erie, PA
2,221,377
That's the million dollar question!
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Mary Yonkers
Erie, PA
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Anthony Acosta - ALLAT...
Atlanta, GA
1,846,901
You must do short sales differently than I do. We pick one & submit one to the bank. They are only interested in their net.
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Mary Yonkers
Erie, PA
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Nina Hollander, Broker
Charlotte, NC
1,027,602
Quick close on a short sale? Not sure they know the meaning of the word "quick" but I'm going to guess the higher amount. Who knows with banks, though?
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Mary Yonkers
Erie, PA
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Nina Hollander, Broker
Charlotte, NC
3,986,308
You are talking about a bank and they do things without rhyme or reason
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Nina Hollander, Broker
Charlotte, NC
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Mary Yonkers
Erie, PA
1,390,113
I gave up trying to predict what banks will do a long time ago
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Nina Hollander, Broker
Charlotte, NC
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Mary Yonkers
Erie, PA
3,589,741
Peter who knows! Depends on bank. I stopped taking short sales 3+ years ago so I'm not up on what craziness is going on anymore! Good luck with this sale!
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Nina Hollander, Broker
Charlotte, NC
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Mary Yonkers
Erie, PA
3,349,404
Just roll the dice ... they may not accept either ... they could counter.
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Mary Yonkers
Erie, PA
1,435,300
Hmmm I have no idea it will be interesting to see what the bank does let us know!
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Mary Yonkers
Erie, PA
4,800,132
I have no clue. But, if the $660K is close to appraised value, that would be my guess.
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Mary Yonkers
Erie, PA
4,582,184
Is this a question of logic? If so, all bets may be off.
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Mary Yonkers
Erie, PA
4,960,530
this could go either way, short sales are hard to say.
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Mary Yonkers
Erie, PA
3,071,489
We submit only 1 contract between Buyer and Seller to the lenders...
anything else is a "back up offer"
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Mary Yonkers
Erie, PA
991,252
IMO the 660 - it's a numbers game with them and they want the numbers - let us know Pete
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Peter Mohylsky, Beach ...
Miramar Beach, FL
1,624,853
660 if there are no other contingencies in that offer that can kill the deal.
Good luck.
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Mary Yonkers
Erie, PA
3,741,896
3,416,038
You should never send 2 offers to a bank. A bank has time. A quick close does not matter. A bank only loses money on a short sale. They would prefer to sell it for more and wait. They also would prefer to foreclose and collect on the PMI than lose money on a low ball offer. Peter Mohylsky I would take the high offer. Make sure the buyer includes a pre approval, is ready to close within 30 days of bank approval and remove other contingencies for a better shot at bank approval.
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Scott Godzyk
Manchester, NH
1,241,754
If I was the listing agent I tell you only have 1 shot not 2. Take your highest and best pick.
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Mary Yonkers
Erie, PA
2,224,473
They'll probably come back and ask for highest and best.
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Mary Yonkers
Erie, PA
913,468
Hard to say. Depends on what they think fair market value is, and condition of properties. They should accept both if the offers are in ballpark. Seems like many lenders and investors have their own way of doing business, and many times those ways don't make sense.
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Mary Yonkers
Erie, PA
182,965
The one which is higher if its being under written already without property address.
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Mary Yonkers
Erie, PA
5,060,544
Who knows? It depends on the bank. I am guessing the better price will get the nod
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Mary Yonkers
Erie, PA
18,837
I believe lenders are always looking for the highest price possible, I don't think cash is as motivating as the higher price. Do tell! Eager to know what they accepted!
1,617,916
634,532
If they are the chosen lender for the higher offer tht one has the best chance.
518,597
4,434,177
231,224
i think,,,because they recd 2 offers ..they will hold out for the asking price, or raise it..perhaps the bank holding the note will examine the possibility of extending credit to this new buyer
2,375,705
2,443,250
$660 financed. The process is so long anyway, cash means nothing to a bank.
3,988,013
My guess would be with hte one that nets the most therefore the financed one.
1,506,013
Most banks I've dealt with as the buyer counter any offer they get as a standard procedure.