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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Negotiating/short sale tips anyone? Posted by Alfred, SoCal on March 02, 2010 at 9:10 PM Dealing with this lender in a short sale regarding a 2 year old home with incomplete construction: no kitchen, floors incomplete, general finishing to be done, landscaping, etc. (The owner is an architect/contractor who was building the home for his family and went belly up.) The neighbor has a wall encroaching 2 feet onto the property (2' x 136'). The estimate of cost to finish construction that the owner submitted to lender is underestimated. It's also too much house for the neighborhood (much bigger and nicer than anything in the area, and the surrounding homes are in deferred maintenance and eyesores). Also prices have declined a bit in the area and will probably continue to do so. I've gone over all of these points with the lender in an attempt to get a price reduction and the lender will not budge. Anybody out there with stellar negotiating skills to give me some tips on how I can get this price reduced so I'll be able to acquire this and have a decent profit margin? Follow Ups: Re: Negotiating/short sale tips anyone? SenecaTrust 8:44 PM, 03/03/10 (0) Re: Negotiating/short sale tips anyone? M. Osterman 8:04 AM, 03/03/10 (2) If the shorting lender is IndyMac... CCinOC 11:05 PM, 03/06/10 (1) Re: If the shorting lender is IndyMac... Freeflyer 9:54 PM, 03/08/10 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Dealing with this lender in a short sale regarding a 2 year old home with incomplete construction: no kitchen, floors incomplete, general finishing to be done, landscaping, etc. (The owner is an architect/contractor who was building the home for his family and went belly up.) The neighbor has a wall encroaching 2 feet onto the property (2' x 136'). The estimate of cost to finish construction that the owner submitted to lender is underestimated. It's also too much house for the neighborhood (much bigger and nicer than anything in the area, and the surrounding homes are in deferred maintenance and eyesores). Also prices have declined a bit in the area and will probably continue to do so. : I've gone over all of these points with the lender in an attempt to get a price reduction and the lender will not budge. : Anybody out there with stellar negotiating skills to give me some tips on how I can get this price reduced so I'll be able to acquire this and have a decent profit margin? [ 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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