Re: Short sale in MN

Posted by kate on February 21, 2006 at 15:17:15:

In Reply to: Re: Short sale in MN posted by NJDave on February 21, 2006 at 15:05:20:

: If anticpated proceeds from the sale aren't enough to
: payoff the first, and second... they might accept less
: than they are due....

I owe about $205k. So, If I could sell it for $90, the bank might accept that? Do they give peramaters, or would I just bring in offers as they come in?

Thank you.

Follow Ups:

• Re: Short sale in MN - Jim V 20:02:17 02/21/06 (3)
  • Re: Short sale in MN - Kate 09:31:46 02/22/06 (2)
    • Re: Short sale in MN - steele in minnesota 10:10:40 02/22/06 (0)

Name    : 
E-Mail  : 
Subject : 

Comments:
: : If anticpated proceeds from the sale aren't enough to
: : payoff the first, and second... they might accept less
: : than they are due....

: I owe about $205k.  So, If I could sell it for $90, the bank might accept that?  Do they give peramaters, or would I just bring in offers as they come in?

: Thank you.


Optional Link URL : 
Link Title        : 
Optional Image URL: 

    

    
    
    
   

Foreclosures Section

Foreclosure Help

Foreclosure Investing

Real Estate Articles

Our Site Resources

Discussion Archives