Please Help!!!! - Posted by Eddie-MI

Posted by Hunter on September 13, 2004 at 09:10:50:

Write out exactly what you need from the bank, position it so it logically benefits them, and then call up the bank and ask! Do it today, do it now!
Do it now! Do it now! Do it now!

Please Help!!! - Posted by Eddie-MI

Posted by Eddie-MI on September 13, 2004 at 02:47:50:

I’m pretty much a Newbie and I may be on the wrong site, but does anyone here know if banks will work with you on a short sale to accept less than what’s owed after the home actually goes to the sheriff sale, but isn’t bought by anyone?

During the sellers 6 month redemption period, will the banks still consider short sale offers or are all payoff negotiations cancelled once the home goes to the county steps?

I have a deal now that is 1 week away from sheriff sale, and the seller is highly motoviated to sell because she owes more than the homes worth, but will the bank even work with me to create some equity being that it’s so close to the sheriff sale date?

It would really save me a lot of time and the homeowner a lot of false hope if someone could advise me on this.

Thanks in advance,
Eddie