You do have to lot of adjustments on the subject property. This adjustment should include sq. ft. , tax assessments, updates including interior and exterior. Depending on how different the property is compared to others and the potential this home has. If you are unfamiliar on how to do you can hire an independent appraisal. OR work with a local Realtor.
Cash out refinance would be the route I would take. You can do draw a HELOC. Depending on how long you plan to keep the current home you can decide if you want to take a short term loan (ARM) or a long term loan(30 year fix)
I am having issues using zillow on firefox but IE it seems like works well.Try other browser
Try to first claim the home and then flag it, zillow should help you correct the data.
Review your contract if the contract had listed the appliances to be conveyed it does not matter if the property is a regular sale, foreclosure or a short sale those items must be conveyed by the seller!!In your case have your Realtor review the contract. If stated the seller should deliver the property as per the contract terms. Yes their are lenders who require some basic appliances to be conveyed with the home. However with FHA & 203K we do have exceptions where you can purchase new appliances if they are missing. Good Luck
Will you receive your pay off certificate prior to your closing? I would speak to the title company and see if they can re-negotiate their fees.
Suzie, I loved your detailed response. Across the country there is an anxiety on what is going to happen and if the banks are holding shadow inventory.
As many of us on Zillow would recommend you to consider short sale over foreclosure. Have you reach out to your banks to re-negotiate your loan terms? My recommendation would be to speak to your banks, local Realtor (specializes in short sale) and/or an attorney who can guide you through the process.Good Luck!
There are lot of variables that go with short sale. Depending on the home you are selling , hardship/ reason for short sale, and what the short sale banks approve your short sale under. I typically recommend my clients to speak to a Real Estate attorney especially folks that live in our DC metro area and have government clearance. Also speaking to your CPA may be help full.
Shelly, You may want to reach out to a local Realtor. May be someone will be able to assist with your home search needs.