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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Buying from the lender direct Posted by One more thing on September 22, 2003 at 10:22 AM In Reply to: Buying from the lender direct posted by polarisis on September 22, 2003 at 10:20 AM : Need some advice on this one from anyone. I’ve been accepted my proposal for a postponement of sale contingent on funding the lender before 9/30/03. Sales agreement stipulates that lender will be paid off and sellers will receive a certain amount of money. Currently everything is in escrow and on schedule however, repairs have ended up being 3-4 times more than anticipated (upon careful inspection)and it looks like the best route would be to buy the property from the lender. The owners are out of the house and have vacated. I have pictures that justify the bad condition of the home and an estimate of repairs. Is it possible to present an offer to the lender prior to Trustee sale? (Or should I let it go to Trustee in hopes that it will not sell? The reason I'm asking is because I've already established an existing agreement/relationship with the trustee and lender so I'm hoping I can tie it up ) Any ideas would be appreciated. My new offer obviously be lower than the existing payoff amount because of the evidence I've gathered. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Need some advice on this one from anyone. I’ve been accepted my proposal for a postponement of sale contingent on funding the lender before 9/30/03. Sales agreement stipulates that lender will be paid off and sellers will receive a certain amount of money. Currently everything is in escrow and on schedule however, repairs have ended up being 3-4 times more than anticipated (upon careful inspection)and it looks like the best route would be to buy the property from the lender. The owners are out of the house and have vacated. I have pictures that justify the bad condition of the home and an estimate of repairs. Is it possible to present an offer to the lender prior to Trustee sale? (Or should I let it go to Trustee in hopes that it will not sell? The reason I'm asking is because I've already established an existing agreement/relationship with the trustee and lender so I'm hoping I can tie it up ) Any ideas would be appreciated. : My new offer obviously be lower than the existing payoff amount because of the evidence I've gathered. Optional Link URL: Link Title: Optional Image URL: [ 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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