Mike "Wuzzy121". Rest in peace, brother

Go Back   Tacoma World Forums > Off-Topic > Off-Topic Discussion

Notices

Any real estate professionals here? Couple of Q's

Reply
 
Thread Tools Search this Thread
Old 02-13-2010, 05:20 PM   #1
1 man wolf pack
Hardcorehehaw is one of the sharper tools in the shedHardcorehehaw is one of the sharper tools in the shedHardcorehehaw is one of the sharper tools in the shedHardcorehehaw is one of the sharper tools in the shedHardcorehehaw is one of the sharper tools in the shedHardcorehehaw is one of the sharper tools in the shedHardcorehehaw is one of the sharper tools in the shedHardcorehehaw is one of the sharper tools in the shedHardcorehehaw is one of the sharper tools in the shedHardcorehehaw is one of the sharper tools in the shedHardcorehehaw is one of the sharper tools in the shed
 
Hardcorehehaw's Avatar
Firefighter:
Name: Evan
Joined: Feb 2009, #13262
Age: 29
Gender: Guy
Posts: 481
Hardcorehehaw's Tacoma Gallery
Any real estate professionals here? Couple of Q's

Since the economy is in turmoil and the housing market in shambles, I decided to start looking for houses because I realized if there was ever a time to buy, it's now.

So my g/f and I searched for a month and finally found the one.
It's a short sale through Chase bank and the seller has an attorney involved.
We submitted the first offer, the seller's attorney countered. I submitted another offer, just shy of what they were asking and the seller's attorney advised them to accept the offer. The house was on the market for around 2 or 3 weeks.
The seller accepted the offer and it was submitted to the bank with the hardship letter and "short sale package"

This was on Jan 21st. My biggest concern is closing by June 30th to get the $8k tax incentive. Do you think that is feasible?
What would be even better is closing before April 15th so that I can get the $8k on this year's tax return.

Does anyone have any idea how long it might take? I've heard that Chase bank is one of the worst for short sales.

Do you think the chances of the bank accepting my offer are better since there is an attorney involved. Not for any legal or intimidation reasons, but because the attorney has already done some of the leg work as far as coming up with a price and list of comparables.

The house was built in 2005 and sold for $280k. The offer the seller accepted was $138k, no closing costs.
  Reply With Quote
Old 02-13-2010, 05:41 PM   #2
Dirty Trucker
TacoSupreem is one of the sharper tools in the shedTacoSupreem is one of the sharper tools in the shedTacoSupreem is one of the sharper tools in the shedTacoSupreem is one of the sharper tools in the shedTacoSupreem is one of the sharper tools in the shedTacoSupreem is one of the sharper tools in the shedTacoSupreem is one of the sharper tools in the shedTacoSupreem is one of the sharper tools in the shedTacoSupreem is one of the sharper tools in the shedTacoSupreem is one of the sharper tools in the shedTacoSupreem is one of the sharper tools in the shed
 
TacoSupreem's Avatar
Name: Hayden
Joined: Dec 2009, #27935
Location: Kentucky
Gender: Male
Posts: 2,414
TacoSupreem's Tacoma Gallery
I would think that would be plenty of time. They should have it by april 15th.
  Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Accountants and Financial Professionals, come on down! The Driver Jobs & Careers 79 10-21-2012 09:14 PM
Real estate rab89 Stocks & Investments 12 04-17-2012 07:04 PM
Any Real Estate Appraisers out there? SAIRS Jobs & Careers 0 03-06-2011 11:25 PM
Real Estate advice FearNothing321 Jobs & Careers 4 01-01-2011 04:01 PM
san antonio real estate questions Ken Dawg Texas 6 01-04-2009 07:09 PM


Copyright © 2014 Tacoma Forum. Tacoma World is not owned by, or affiliated with Toyota Motor Corporation.