Foreclosures For Sale In Nj
Foreclosures For Sale In Nj
How do I approach this short sale real estate in New Jersey?
I am a real estate professional in New Jersey. I have a client with a house the sale is in foreclosure. The customer is a first mortgage with IndyMac for $ 200,000. The client also has a second mortgage for $ 25,000 with IndyMac. We have received an offer of $ 190,000. Can anyone tell me the best way to continue with this. I would prefer someone that has really been on the sell side sales short and if possible deal with IndyMac, but all answers appreciated. Thanks in advance for your professional opinions. Just a quick update. I spoke to IndyMac and that's how they work. They are sending the borrower (my seller) a loan kit. It takes 3-5 days to receive. Once the offer, it takes 10 days so that, to approve or disapprove it. Sounds simple so far. All other responses are welcome. I'll keep this open and updated as the process continues as a reference for anyone else.
I have not worked with IndyMac before, but have been on the selling side of many short sales. The seller completes the package shorting with finance and letter of the difficulty and return to the lender. You will need a letter from the seller that allows the lender to release information to you. Then send in the signed offer contingent on approval of the bank. They will send someone to the property to do a BPO and then let you know if the offer is good or if you have to ask for more. It may take a while to close a short sale to allow the purchaser to be patient.
|
|
The Complete Guide to Investing in Real Estate Tax Liens & Deeds: How to Earn High Rates of Return – Safely $10.97 Purchasing tax lien instruments from city, county, and municipal governments can provide you with very high and secure rates of return, in some cases as high as 12%, 18%, 24%, or even 1,000% or more per year. If performed correctly, investments in tax lien instruments will far outpace stock market performance, even traditional real estate investments. The key is to know how to perform this process… |
|
|
Make Money in Real Estate Tax Liens : How To Guarantee Your Return Up To 50% $11.16 MAKE MONEY IN REAL ESTATE TAX LIENSHow does a guaranteed short-term profit of fifteen, twenty-five, or even fifty percent sound? What if you could acquire a property valued at $100,000 with just a $10,000 investment? In the tax lien game, those kinds of profits aren’t just possible, they actually happen! In Make Money in Real Estate Tax Liens, Chantal and Bill Carey show you how to profit from thi… |
|
|
Tax Lien$ $12.15 Make money by paying other peoples taxes! Income tax, sales tax, real estate tax …everyone hates to pay taxes. But most people dont know that there is a way to make great profit from taxes. This book will tell you how to invest in high yield New Jersey tax liens that are secured by first priority liens on real estate. “High Interest” and “Low Risk” are very attractive terms these days. New J… |
Related posts: