Signing A Deed?
Does anyone get a deed signed at an initial meeting with a seller, before the short sale is negotiated? If so, how do you use it? What is it for?
thanks,
Twilla
Does anyone get a deed signed at an initial meeting with a seller, before the short sale is negotiated? If so, how do you use it? What is it for?
thanks,
Twilla
Do you think Countrywide would recover more money by accepting your offer, or by allowing the foreclosure sale?
They will do whatever nets them the most money.
It will be hard to convince an investor to stop the foreclosure sale when the owner has not made a payment in 18 months and has filed bankruptcy. The investor is probably tired of messing around and will look at this as another stalling tactic. If there was equity in the house, I would bring it current. But with no equity, your chances of postponing the SS are almost zero, and your chances of completeing a SS before the auction are zero.
BTW - an investor going to take 40% of the FMV. Investors do not give properties away. They are in the money business. If you want a low price, you have to get them to believe that the FMV is low - not just throw out a ridiculously low offer.