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Brandi Nelson

Zillow Local Expert in:

  • 50248

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Premier Agent

Realtor (11 years experience)

22 Recent Sales (last 12 months)

Specialties:
Buyer's Agent,
Listing Agent,
Relocation,
Consulting

Advice

  • (1 Contributions,
  • 0 Best Answers,
  • 0 Helpful)

Contributions are sorted newest to oldest.

buying a short sale

Answer

I don't know of a set formula for figuring out what a bank will accept. So many factors apply... how far behind the owner is on payments, how many bills & fees have been racked up, how fast or well real estate is moving in the subject area, they'll also take into consideration if you're paying cash, the amount of your down payment and the solidity of your financing. Definitely suggest using the skills of a qualified Realtor to help navigate the short sale system!

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