Posted by Jimmy on March 29, 2008 at 05:23:53:
In Reply to: Possible bird dog deal posted by Jamal on March 28, 2008 at 14:13:35:
1. 2 year old comps are worthless.
2. seller willingness to take 180K means nothing. seller is walking away from an underwater property.
3. how do you know the bank would prefer a short sale? have you talked to a bank officer. do you have an indication from the bank of what they would accept. NEVER make assumptions. do your homework.
4. the seller is almost a meaningless party to this deal. its all about the bank. find out what they would accept. find a buyer willing to pay a little more than that. try to scrape off a few dollars. good luck