Zillow Advice RSS: Question-Discussion-Guide,Home Buying,Brick- NJ

A condo is in pre foreclsure. Can I approach the owner and ask him if he'll sell

Tue, 03 Mar 2009 19:48:00 GMT

Taxes not paid for past year and lis pending paperwork filed

3 replies

Short Sale Advice..... how much to gamble

Sun, 11 Jan 2009 16:34:00 GMT

Sorry if this is repeated.

I have placed an offer on a home that is a short sale and the offer was accepted by the seller. During attorney review they have added a "short sale" addendum indicating that they would keep the house on the market, want to have the full downpayment placed in escrow and that we could not pull out of the deal until we waited 90 days for lender approval. During this time we would be able to complete the inspection, apprasial and title search. Although I will also ask my attorney about my questions I wanted to get some feedback from all you experts here. Is this worth the gamble? Could they take another offer to the bank and then we would be out all of our inspection etc $$$, We love the house but we do not have the funds to lose paying for these costs if we have to start over. I appreciate any comments.

7 replies

Why are all the quoted closing cost so "under" inflated?

Sat, 10 Jan 2009 01:47:00 GMT

Everywhere I have searched the closing cost estimates are about 5k less than what I am finding the actual costs to be. This includes attorney fees, insurances and inspections. This just seems to be unfair to people new to this game and trying to decide if they have enough saved to go forth a buy.

1 reply