How Long?

How long does the bank have to decide whether to accept a short sale offer?

Comments(7)

  • toobizee1st February, 2007

    how did this get in the commercial section?

  • estateXchange13th February, 2007

    I would be willing to work with you on some of these deals you may have.

  • charlotteinvestor14th February, 2007

    Get a good deal. There are plenty of investors that are looking for at 80% equity after repairs.

    But most of the investors that are looking for 65% after repairs are mainly using hard money. With deals like that you can get the financing yourself.

  • TheShortSalePro15th February, 2007

    Could you xplain the difference between "equity" and LTV? Thanks.

  • charlotteinvestor15th February, 2007

    Thanks SSP,

    I meant 20% equity.

  • charlotteinvestor15th February, 2007

    How much in repairs are needed?

  • telemon16th February, 2007

    There is certainly enough room to make a decent profit. What "I" would do would be to purchase, rehab, and sell to an individual, thereby making the most profit. What "YOU" should to depends on your situation. If you have the cash and the time, do what I would to, if you do not, then find someone to wholesale it to.

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