 |
|
|

07-11-2012, 03:40 PM
|
|
|
|
62 posts, read 37,049 times
Reputation: 17
|
|
|
Quote:
Originally Posted by Big John stud
Oh yeah. The sellers "claim" that they thought the 2nd was on one of their other properties.
One of the other properties they mortgaged the hell out of this property to buy.
|
I guess that's what they call a home equity line of credit then.
Anyways, good luck! If it helps, I think most of us going through short sales are frustrated too. Hopefully they'll figure out yours soon.
|
|

07-11-2012, 11:17 PM
|
|
|
|
31 posts, read 25,043 times
Reputation: 15
|
|
Quote:
Originally Posted by Big John stud
Kick & scream to whom? The bank? They don't talk to the buyer. Equator? They don't talk to the buyer. The listing agent? Only answers his phone when my agent calls from a different number. The only one receptive to our inquiries is the sellers escrow officer, so at least we get some info.
Spanky991; I'm screwed? Thanks, I needed to hear that.
Only1beebs; As far as I know, the 2nd is for $43K. BofA is offering them $3K, which is over 5%.
Maybe Spanky is right & I'm screwed.
I'll just keep on keeping on.
Sigh.
|
no no no
5% of the selling price
so at 164.8k 5% is 8240. If the 1st is offering 3k they are most likely still going to want $5240
If you want it that bad you are going to have to throw in the 5240 extra.
The 5% is a recurring theme with greentree. Google it.
Will
|
|

07-12-2012, 08:59 AM
|
|
|
|
36 posts, read 21,767 times
Reputation: 21
|
|
|
Spanky; yeah , I saw that after I posted. & I don't want the house bad enough to settle their 2nd.
|
Please register to post and access all features of our very popular forum. It is free and quick. Over $53,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
|
|
Similar Threads
-
Sellers want to *rent back* their house, Foreclosures, Short Sales, and REOs, 18 replies
-
move back into house?, Foreclosures, Short Sales, and REOs, 3 replies
-
Foreclosure house keeps going back to expired on the listing, Foreclosures, Short Sales, and REOs, 2 replies
-
Heard of a shortsale buy back by original owner?, Foreclosures, Short Sales, and REOs, 14 replies
-
REO - Full Offer or Hold Back, Foreclosures, Short Sales, and REOs, 8 replies
-
Foreclosed homeowners get to rent back their homes, Foreclosures, Short Sales, and REOs, 6 replies
|