Short public sale: Listing Price is $159,900 Offer is: $163,000..?
with seller to reimburse $3,000 towards closing cost. What are my chances of it being permitted?
Answers: First, you won't get a seller concession out of the lender. In a short public sale, any equity or value they can get they'll want to preserve. Concessions in short sales are consequently relatyively unheard of. Other than that, good chance, presuming that the lender have accepted the hardship of the wholesaler and the appraisal of the home is close to the price. If the price is sheer conjecture and/or the seller has not get adequate hardship for the lender to do a short Dutch auction, then not good.
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Answers: First, you won't get a seller concession out of the lender. In a short public sale, any equity or value they can get they'll want to preserve. Concessions in short sales are consequently relatyively unheard of. Other than that, good chance, presuming that the lender have accepted the hardship of the wholesaler and the appraisal of the home is close to the price. If the price is sheer conjecture and/or the seller has not get adequate hardship for the lender to do a short Dutch auction, then not good.