Site Navigation

Investor Information
 Home
 Monthly Update
 Real Estate Articles
 Real Estate Videos
 Real Estate Success Stories
 Real Estate Blog
 Free Investing Books, Audios
 Real Estate Books
 Investing Glossary
 Investing Abbreviations

Real Estate Products
 No Risk Guarantee
 Best Sellers
 All Investing Products
 Real Estate Courses
 Real Estate Audios
 Real Estate Ebooks
 Real Estate Books
 Real Estate Seminars
 Real Estate Games
 Special Offers

Investor Resources
 Hard Money Lenders
 Real Estate Agents
 Handyman Services
 Real Estate Clubs
 Cashflow 101 Clubs
 Business Tools
 Tax Appraisal Districts
 State Property Codes
 State Foreclosure Laws
 Proof of Funds Letter

Discussion Forums
 Networking Forum
 Beginners, Carlton Sheets
 Bird Dogs, Wholesaling
 Foreclosures, Short Sales
 Sub2, Lease Options
 Rehabbing, Landlording
 Financing, Hard Money
 Asset Protection, Legal
 Commercial, Mobile Homes
 Real Estate Marketing
 Random Ramblings

Site Information
 About Us
 Advertise on REIClub
 Contact REIClub
 Link to REIClub
 REIClub Facebook
 REIClub Twitter
 REIClub YouTube
 REIClub Testimonials



Learn Wholesaling
CD's Plus Transcripts
Click Here Now!

--------------------------
REO Experts
Reveal Their Secrets
Click Here Now!


Welcome, Guest. Please login or register.
Did you miss your activation email?
May 25, 2012, 02:54:57 PM

Home Help Search Calendar Login Register
Free Monthly Update
Name:
Email:
Click Here to Register for the Discussion Forums
Real Estate Investing Forums  |  Real Estate Investing  |  Foreclosures, Short Sales, Tax Foreclosures, Tax Liens Forum (Moderators: $Cash$, Bluemoon06, kdhastedt, Mdhaas, motivatedceo)  |  Topic: Which Banks tend to discount the most « previous next »
Pages: [1]
Print
Author Topic: Which Banks tend to discount the most  (Read 717 times)
haugh8
Member
*
Offline Offline

Posts: 3



« on: March 16, 2005, 07:54:49 PM »

This is my first post although I have read quite a few of them.  My question is, I had several offers put into banks for shortsales last summer but they were all rejected.  The major reason was the BPO or appraised value was not close to the comps that I pulled off the MLS ( my dad is a broker), therefor our offers were to low.  Since then, I have managed rehabs that I find off the MLS or through assignment from other investors.  Our average profit after rehab is $20K but unfortunately I dont get to keep it all since the funding comes from my dad or other investors.  I want to get back into short sales since there is really no limit to how many you can do unlike rehabs which are limited by cash.  Now to the real questions?

1. Has anyone had success with certain banks for shortsales versus others?

2. Are there any banks to not even try to do a short sale with?  

3. I have seen some properties that are listed on the MLS that are bank owned for at least two years, has anyone had success at putting in major discounted offers on these properties and having the offers accepted?  If so, which banks?

I appreciate in advance everyone that will take the time to reply to this even though there is no monetary reward.  I have not seen many industries like this were total strangers will give free advice and help others by doing so.  Thanks,  Brian
Report to moderator   Logged
Pages: [1]
Print 
Real Estate Investing Forums  |  Real Estate Investing  |  Foreclosures, Short Sales, Tax Foreclosures, Tax Liens Forum (Moderators: $Cash$, Bluemoon06, kdhastedt, Mdhaas, motivatedceo)  |  Topic: Which Banks tend to discount the most « previous next »
Jump to:  



Login with username, password and session length

Powered by SMF 1.1.8 | SMF © 2006-2012, Simple Machines LLC

 
Anti-Spam Policy | Compensation Disclosure | DMCA Notice | Earnings Disclaimer | External Links Policy | Privacy Policy | Terms And Conditions | View Cart
©2002-2012 All Rights Reserved. REIClub.com