What did you do with your Z today III

Fire

I hate to sound like a nub Bucket but what is a short sale?

__________________
2012 Chevy Camaro ZL1 6MT coupe Back N' Black. 680hp

Alchemy

copied from wikipedia since I couldnt word it properly myself

A short sale is a sale of real estate in which the proceeds from selling the property will fall short of the balance of debts secured by liens against the property and the property owner cannot afford to repay the liens' full amounts, whereby the lien holders agree to release their lien on the real estate and accept less than the amount owed on the debt.

In other words, a great deal for the BUYER When purchasing my home I put in a bid on a short sale. Didnt get it though. Anything can happen with those things.

__________________
Ryan
314WHP | 260LB-FT | STILLEN | KONI | SWIFT | STOPTECH | Z1 | PROJECT MU | CNT | UPREV | FORGESTAR | BRIDGESTONE | PWJDM | ENEOS | MOTUL

Bucketlist2012

Excellent..While I was typing, you beat me to it...

__________________
2009 Sport/Touring 370Z
1971 Z/28 with coil overs, rushforth's, willwoods, Hotchkis. 4 speed
GMC Sierra1500

Alchemy

HA HA, I tried to explain it in my own words but couldnt get it out. Typed it 2 times before I said fvck it and hit up the Wiki

__________________
Ryan
314WHP | 260LB-FT | STILLEN | KONI | SWIFT | STOPTECH | Z1 | PROJECT MU | CNT | UPREV | FORGESTAR | BRIDGESTONE | PWJDM | ENEOS | MOTUL

Bucketlist2012

That is where the bank agree's to take a lower amount than what is due on the loan, for a loss, and both the seller, and the bank have to agree on it.. It is way harder to do and takes way longer, but if I am in first position, they will still list it for other offers, but it will say "pending Offer". But they have to both agree to it. The property outside does not look as good as the photo because it has been empty for a long time...Some watering and some gardening will bring it back to life..

The REO that I own now, was already bank owned and foreclosed , and buying it was much easier because the seller was already out of the picture and the house was vacant for over a year.

That way, you get more house for the money..

I could never understand why banks just don't work things out with the people rather than take such a loss, but it must be a tax write off or something..

__________________
2009 Sport/Touring 370Z
1971 Z/28 with coil overs, rushforth's, willwoods, Hotchkis. 4 speed
GMC Sierra1500