FriendshipProperties's Q&A

It really doesnt matter what is owed.  An offer of 82-85% of the estimated 'As Is' BPO value, should be a good offer to submit to the bank.

Neither the town appraisal or Zillow are great sources of value, though they do help.  Asking price means very little to actual 'value'.  If they asked $100, would it be worth $100? or $475k? ..

Yes that refers to a short sale, and you can address a time-line, but anything less than 90 days might get your offer denied.  Just make the offer worth your wait.

Town records, Housing Sales, and in general Public Information.  The catch is that Zillow does not know your true property condition, and the Zestimate is based on the Avg. Condition of the neighborhood.   So if your in the middle of a run-down neighborhood, but your home has new vinyl siding, new roof, new windows, cherry cabinets with granite .. than your Zestimate will simply assume your home is run-down like the rest of the home sales.  If you check out the property details, you will see a home Range, and you might expect your 'true' value to be closer to that higher figure than the 'Zestimate'.

Contact your bank and tell them you are having financial difficulty and you need help.    They will likely recommend a Loan Modification first if you still have strong income, or for you to sell the property short sale if you simply can not afford the home.   If you need to sell, please give us a call and we can get your property sold Short Sale quickly and with as little hassle as possible.  There is absolutely NO COST to the home owner.   Ask for our Short Sale Specialist @ (203) 457-9997

You can close a Foreclosure in 2 weeks (or less depending on the attorneys).  And a Short Sale will take 90-120 days to close.

Usually sight unseen.  You have until they evict you, which probably is another Credit strike.

Usually the guarantee is that if they list it dirt cheap and still dont sell it, they will buy it for 50 cents on the dollar.  If you need to sell it that bad, contact a local We Buy Houses investor.

Here are all the listings I could find ON Rte-4, min 2 beds, min 2 baths, under $300k.http://ctmls.mlxchange.com/Pub/EmailView.asp?r=847423799&s=HFD&t=HFDIf you show up with no agent, the listing agent keeps the full 5-6%.  How does that help you save money?If you DEFINITELY want one of these properties. Email or call me, and I will run comps and/or walk you through the property and check for repairs to come up with a good offer and a strong argument to present to the sellers.  Then you can have your own inspection and maybe we can get some things fixed or a cash credit back at closing.

Please give me a call or email and I'll help you out IMMEDIATELY.