Comments on: Pitfalls of Investment Property Short Sales

By: First Time Home Buyers

First Time Home Buyers — Mon, 09 Feb 2009 04:17:43 +0000

Scott,

You’re the “Godfather” of North Minneapolis Investment Properties…!!

But seriously, short sales should lose the “o” and”r” , and replace them with an “i”

Just my personal take…

By: Jeanie Hoholik - Twin City Real Estate Chat

Jeanie Hoholik - Twin City Real Estate Chat — Sat, 07 Feb 2009 04:06:22 +0000

I’m finding that my listings that are short sales are attracting buyers who are willing to meet the mortgage due plus the seller closing costs and commissions. Price it low and they will come. (I hate short sales, nonetheless.)

By: John Hoff

John Hoff — Fri, 06 Feb 2009 00:34:33 +0000

OK, maybe I’m just slow, here…but if there were a large open pit on the property into which people might fall, wouldn’t that AUTOMATICALLY be some kind of code violation?

(Tee hee)

Just having fun with you.

By: MN Properties

MN Properties — Wed, 04 Feb 2009 14:52:56 +0000

Short sales can be very frustrating to say the least. I have an owner occupant buyer that has had an offer in since 9/5/08 and we have yet to receive a response. The home owner has attempted a loan mod with no success all the while the short sale negotiations have been put on hold. My buyer is in no rush and still hopeful to get the home.

By: Kathleen Couch

Kathleen Couch — Tue, 03 Feb 2009 22:55:44 +0000

I love the quote from the movie. Sooo true! I can relate to all of them except #1. In my county in Ga. they are not allowed to attach the utility bills onto the home, or the new homeowner. Whew!
But, I am in the negotiating part of short sales. Every bank has their own rules. Some are so unprofessional that they start screaming if you ask a question.