U.S. Cities  
Merry Christmas!

Go Back   City-Data Forum > General Forums > Mortgages
Reload this Page BANK REO and Sellers Assistance (contract, fund, repairs)
Register Blogs Search Today's Posts Mark Forums Read

Welcome to City-Data.com forum! Make sure to register - it's free and very quick! You have to register before you can post and participate in our discussions with 700,000 other registered members. User profiles and some forums can only be seen by registered members. After you create your free account you will be able to customize many options, you will have the full access to over 15,000 posts/day about local topics and you will see fewer ads.

Get a detailed profile
 Search Forums  (Advanced)
 Business Search - 14 Million verified businesses
Search for:  near: 
New! Mortgage Calculators
Reply


 
Old 04-25-2008, 05:08 PM
Senior Member
  
Join Date: Jun 2007
Location: Between a Rock and a Hard Place
109 posts, read 106,199 times
Reputation: 54
dangelo will become famous soon enoughdangelo will become famous soon enough
Default BANK REO and Sellers Assistance
Do banks ever do Sellers Assitance on REO's? Is this even worth putting in a contract?

I know they almost exclusively will fund repairs found from the inspection rather than contract to get them done. I'm not talking about this, I'm talking sellers assitance.

Trying to see if I should leave this out my contract plans for REO's and just factor what I would have asked into my initial offer.

Thanks D!
Reply With Quote Quick reply to this message

 
Old 04-26-2008, 12:35 AM
Competition breeds winners
  
Join Date: Sep 2007
16,642 posts, read 5,803,968 times
Reputation: 1694
pghquest has a brilliant futurepghquest has a brilliant futurepghquest has a brilliant futurepghquest has a brilliant futurepghquest has a brilliant futurepghquest has a brilliant futurepghquest has a brilliant futurepghquest has a brilliant futurepghquest has a brilliant futurepghquest has a brilliant futurepghquest has a brilliant futurepghquest has a brilliant futurepghquest has a brilliant futurepghquest has a brilliant futurepghquest has a brilliant futurepghquest has a brilliant futurepghquest has a brilliant futurepghquest has a brilliant futurepghquest has a brilliant futurepghquest has a brilliant futurepghquest has a brilliant futurepghquest has a brilliant futurepghquest has a brilliant future
Send a message via AIM to pghquest
Quote:
Originally Posted by dangelo View Post
Do banks ever do Sellers Assitance on REO's? Is this even worth putting in a contract?

I know they almost exclusively will fund repairs found from the inspection rather than contract to get them done. I'm not talking about this, I'm talking sellers assitance.

Trying to see if I should leave this out my contract plans for REO's and just factor what I would have asked into my initial offer.

Thanks D!
Yes they do. Just closed on one last week with $15,000 in sellers assist.
Reply With Quote Quick reply to this message
 
Old 04-26-2008, 02:27 AM
Real Estate Agent
  
Join Date: Apr 2008
Location: California Pa
756 posts, read 524,772 times
Reputation: 344
Bazzwell is a jewel in the roughBazzwell is a jewel in the roughBazzwell is a jewel in the roughBazzwell is a jewel in the roughBazzwell is a jewel in the roughBazzwell is a jewel in the roughBazzwell is a jewel in the rough
Yes. Rather common.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Reply


Quick Reply
Message:

« Credit Check for Mortgage | How to advise? »
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes
Linear Mode Linear Mode

Similar Threads


Go Back   City-Data Forum > General Forums > Mortgages

All times are GMT -6. The time now is 12:46 AM.

Copyright © 2005-2009, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13 - Top