Quote:
Originally Posted by Nick@Night
Short sales are a joke, I went through the same bullshit before we finally got a place. The problem with most short sales is there is a second bank involved that holds a secondary loan on the property. The primary lender wants all the money from this short sale for themselves, figuring to just fuck the secondary lender out of their share. That secondary lender seems to hold up the approval process because they don't want to leave with nothing. It did for us twice and we ended up walking away from both offers, losing about 4 months of time in the process.
|
Wow that sucks. My realtor originally told me to stay away from short sales, but the short sale I'm trying to get was well under my price range, in great condition and is in a good location so i had to put an offer in
Quote:
Originally Posted by Ascf33
Also, we looked at our first short sale house last night and holy hell. This house was beat to shit. Stains and dirt all over the carpet. Ceilings had holes and stains. Desk was falling apart. Fuck that shit.
|
I looked at some foreclosures that were down right scary. In one of them the people that got kicked out took everything. They ripped out the furnace, the hot water heater, they ripped out the entire kitchen; cabinets, counters, sink. they took all of the carpeting, they took all of the doors and put holes in most the walls