Don't be greedy

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Posted by HousesPlus.com on July 13, 2003 at 16:38:18:

In Reply to: CASH FOR HOMES posted by ROBERT PERUSKI on July 01, 2003 at 00:17:10:

I see people in your situation all the time. The biggest thing to keep in mind is in 90 days, you have NOTHING. Put your property on the market at a bargain price where you will put SOMETHING in your pocket and let it go. Hopefully you have a good agent and the deal won't fall apart at the last minute due to pushing the envelope or not knowing how to work with a foreclosure.

I had a lady contact me a couple weeks ago 14 days before her time was up and wanted $100k. I would have given her $30k. She had the equity to ask for $100k, but in the end she wouldn't budge and the bank took her house and didn't pay her a penny. She left with nothing, instead of THIRTY THOUSAND DOLLARS.

Something is better than nothing, and you're running out of time. Take what you can get and don't be greedy; you will be thankful in the long run.

• HousesPlus.com

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: I see people in your situation all the time.  The biggest thing to keep in mind is in 90 days, you have NOTHING.  Put your property on the market at a bargain price where you will put SOMETHING in your pocket and let it go.  Hopefully you have a good agent and the deal won't fall apart at the last minute due to pushing the envelope or not knowing how to work with a foreclosure.





: I had a lady contact me a couple weeks ago 14 days before her time was up and wanted $100k.  I would have given her $30k.  She had the equity to ask for $100k, but in the end she wouldn't budge and the bank took her house and didn't pay her a penny.  She left with nothing, instead of THIRTY THOUSAND DOLLARS.





: Something is better than nothing, and you're running out of time.  Take what you can get and don't be greedy; you will be thankful in the long run.








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