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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] As usual, not enough info Posted by Tom on April 26, 2008 at 11:13 AM In Reply to: how to purchase a bank owned property? posted by nita on April 26, 2008 at 10:32 AM You gave us about 20% of the info we need to know to make an informed opinion. This is like making your final bet when playing five card stud, when you've only been dealt the hole card. Was the house listed or FSBO before the foreclosure? To whom did you make the offer? Do you have any evidence of the acceptance of your offer? Where there any conditions to the acceptance? Was it a short sale? You say that you put in an offer twice. I presume that the owner rejected the first offcer and you counteroffered on the second. All the numbers/offers would help too. Keep as simple as possible. What was your last (accepted) offer & what was the opening bid at the foreclosure sale that was not meet? Have they (whoever they are) given you any reason why the offer was accepted yet foreclosed upon. Have "they" refused to return the deposit money? If a broker was involved maybe the check was cashed prematurely by the broker to put into their escrow account (Don't get me started about bloody brokers holding deposit money). From the limited info my guess it was a short sale rejected by the lender. Follow Ups: Re: As usual, not enough info nita 12:42 AM, 04/26/08 (2) You don't need to watch reality TV Tom 6:19 AM, 04/28/08 (0) You will have to wait until it gets relisted. JK (the other JK) 11:58 PM, 04/26/08 (0) Post a Followup: Name : E-Mail : Subject : Comments: : You gave us about 20% of the info we need to know to make an informed opinion. This is like making your final bet when playing five card stud, when you've only been dealt the hole card. : Was the house listed or FSBO before the foreclosure? : To whom did you make the offer? : Do you have any evidence of the acceptance of your offer? : Where there any conditions to the acceptance? : Was it a short sale? : You say that you put in an offer twice. I presume that the owner rejected the first offcer and you counteroffered on the second. All the numbers/offers would help too. Keep as simple as possible. What was your last (accepted) offer & what was the opening bid at the foreclosure sale that was not meet? Have they (whoever they are) given you any reason why the offer was accepted yet foreclosed upon. Have "they" refused to return the deposit money? If a broker was involved maybe the check was cashed prematurely by the broker to put into their escrow account (Don't get me started about bloody brokers holding deposit money). From the limited info my guess it was a short sale rejected by the lender. [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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