InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Annual Reunion Speaking Schedule Store Foreclosure Fundamentals Code References 50 State Foreclosure Basics Foreclosure Glossary Foreclosure Statistics 70+ Yrs Interest Rates Fillable Forms Archived Articles Dingbat Retirement Plan Links Contact / Map About Us Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] How use property encroachment to my advantage? Posted by Alfred, SoCal on February 16, 2010 at 8:50 AM In negotiations with a lender on a short sale. Lender is being tough and will not come down in price. Had some suspicions so hired a property inspector. Just discovered that a neighbor is encroaching on the subject property (neighbor's wall is two feet over, along a 100 foot property line: he is encraoching upon approximately 200 SF). I think that this gives me some leverage and strong reason for further price reduction. Any suggestions on the most optimal way to present this to the lender? Follow Ups: Never mind... I passed on it. (NT) Alfred, SoCal 11:25 AM, 02/17/10 (0) Post a Followup: Name : E-Mail : Subject : Comments: : In negotiations with a lender on a short sale. Lender is being tough and will not come down in price. Had some suspicions so hired a property inspector. Just discovered that a neighbor is encroaching on the subject property (neighbor's wall is two feet over, along a 100 foot property line: he is encraoching upon approximately 200 SF). : I think that this gives me some leverage and strong reason for further price reduction. : Any suggestions on the most optimal way to present this to the lender? [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction. Read our privacy policy.

Copyright © 1997-date("Y"), InnoVest Resource Management
http://www.foreclosureforum.com

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455