If so, then how quickly can it be refinanced? Assuming that the appraised value is higher than the purchase price, can cash be taken out at refinance?
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 I understand the bank can take months to accept/counter-bid your offer. But after a price is accepted, is the process expedited in generally the same amount of time of a non-forclosure? Please, serious answers only. thank you. My home is in foreclosure and sale date has been set for July 1st. After the sale is complete, how long do I have before I will have to vacate the home? I am in Broward county, Florida (Ft Lauderdale). I am the buyer in this situation. Other than attorneys fees, would there be any other lost monies if the bank has not approved the offer but only the property owner? He does not want to disclose all his finances and is too lazy to get all the info together and would rather just let them foreclose. He has assets and cash. He is older and very stubborn person in family. Very good real estate agent has been reduced to tears and we can’t talk Continue reading How To Convince Someone In Family To Do A Short Sale Instead Of Foreclosure? Is there any legal way for me to pay the homeowner and/or for the realtor to get paid? i am interested in a short sale property, the lender has already approved the short sale, if my offer is less than the approved amount is there a chance that the lender accepts it? thanx I have heard that the purchaser can be assess taxes based on the highest value of the home in the last three years rather than on what the purchaser actually paid. Is this accurate? |
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