What is a sale?
A sale is a situation imminent exclusion, in which the bank should spend more money home is worth. Because they know that the owner has no way to dadidisavanzo, which are sold for home at a loss (onea shortage for the bank to reduce emissions, therefore, the short sale). Here's an example: Home was purchased for 700,000 U.S. dollars in 2005. Today it is valued at 300,000 U.S. dollars to 650,000 U.S. dollars, but should the mortgage). The bank not owned, but the suspect ends with her through a loan. The buyer agrees to purchase by selling short at $ 300,000 and a accordoviene reached with the seller and the bank. This is a sale Det.
A new home by "Exclusion is costly for the bank. Importantesabogado they face and court costs, could slip a year, the payment of interest on mortgages are not coming home and could end up sitting free, a condition that acts of vandalism and destruction.
For this reason, it is a sale before the sale of exclusion.
These ee bulk of capturesBref, even if the sale: Prices are saying absolutely nothing. I know that goes gegenkonvenconventional wisdom. Any other type of sale can certainly buy on the list of parroz, but not necessarily for sale.
The banks hold May secrets
Here's why: While the banks have decided that short selling, they rarely go to the official list Semper say what they accept ownership. El hagente only guess. And some do much better than others (I saw a list before the dollar. The bank is not natürlichenNatürlich, nichts remotely close to this figure). So, as you might guess, probably, the quality of the ads can be very different. Moral dela story is here if you see absolutely incredible, but said that was a sale, was not very happy! They lead to many buyers disappointed!
The good Notizia is that from time to time, buy buy buy. Since the banks do not want to quit, if not "to accept a discount on property, and the distinctiventssere 90% of what they're for the market. Already in ownership of bank mortgages are often the best price if. I hate banks are in the possession of her. They are not in the business of possession of property, so that they are closed besoinafin of them, the sale is not their property, so that the speed of the reasons is not a factor at all.
Bid to going to "turnover"
Bidding on sales is a bit 'troppo different. They are often very slow. If you have a
Investor or buyer of holiday homes with great patience, no problem. This could be a big test to try to controlloibution below market prices. If on the other side you are buying a primary residence and the need to move, for example, within 30 days, forget it! You want to drop consideration of all.
Why do we need so much time?
The time is dovuto the way banks were created. Why have many levelsregions of the administration, which must log in the transaction (or monitoring of asset managers operate their flooded avCE). Wait a few months before an Order of Merit iciuest they are often in an attempt + 3 months, although some have broken the 1 / 2 points per year. Buyers often feel that real estate agents are a joke, if we say that does not bother to ask for updates at least 2 months. But, unfortunately, it takes a long time!
Now want trueprobably nothing to do with selling short, let me speak very important and lucrative tres exception: a brief approved prices. Each of Tun often sold short in reality there is a price the bank has accepted. This is the reason why a generalporque first offer is received, the Bank has begun the review process, the buyer is tired of waiting for months, but the bank remains a safe or not in relation to this offer. Based on This result, the listing agent now has a real number on the list!
Ensuring the language
View a list chenon is fair to say, "approved sale" as a list of agents who are some problems with the language. This does not mean that the award was only mean that the bank was in agreement with a sale. Search for "sell a 300,000 U.S. dollars or equivalent qualification. Please note that the closure of May, King etwhat "slower than usual, even here, but these properties are considered.
In reality, it is the exception that short selling is usually a waste of time. Maggios if you wish, you can possibility. Call me at: (305) 613-9902 If you want an "offer in one place.
Please note: There are a lot of buyers, where time is not important, so that sales in May of short-term interest rates. A few thoughtn to this: You are Semper on the same list as private banks. Often, the price for their loans more aggressively (fast and sales), because at that time ETL Tourne hours. So you can take a disservice to themselves, until their connections in a short time to sell.
Price means nothing!
Two, I must emphasize that the price does not mean anything. Nothing! It was from a list of research interest in a list! The agent can be a Nahles, he / she wanted! As Käufer still thinking along the lines of "Well, if the price is 275,000 U.S. dollars which are likely to 260.00 U.S. $ 0 ... that my bid $ 260 T, which now makes absolutely no sense in a sale. The list is priceless Value. Perhaps you should at 295 U.S. dollars. Perhaps the Bank was not a penny less than $ 375k. D 'not guess, we need not only the number of bodies with the help of classical Logi