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If you are interested in a home that is listed as a contingent short sale, you can still view the home and make an offer. However, your offer will usually be put in a back up position and will only be considered by the bank if the first buyers decide to terminate their contract.
What is a good example of a short cover letter?
Short cover letter sample - any job Im excited to submit my application for the [Position] role at [Company Name]. As an experienced [title] with [X] years of experience, Im confident that I have the [1-2 specific skills and qualifications from the job description] necessary to excel in this position.
How do you make an offer on a short sale?
The agent represents the seller, not the lender. In a short sale, the offer is negotiated with the seller, just as in a traditional sale. The offer is then submitted to the lender, not for an acceptance but for approval of the terms and net proceeds.
What is a short sale letter?
Photo: Group4 Studio / Getty Images. Definition. A short sale approval letter is a letter that a lender issues to the seller if a short sale offer is approved for less than the amount the borrower owes on a mortgage.
Can you make a contingent offer on a short sale?
Set a Price When setting an asking price, make sure to factor the cost of selling the property into the total amount of money you need from the sale. Of course, you want to sell the home for as close to the value of your mortgage as possible, but in a down market, there can be a shortfall.
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What is a sales letter? A sales letter is a form of direct marketing thats designed to attract potential customers to your product or service. It tells new prospects who you are and how your company can benefit them.
How to write an offer for a short sale?
How to Make a Short Sale Offer Offer a Strong Earnest Money Deposit. Check the Comparable Sales. Dont Ask for Special Reports or Repairs. Give the Bank Some Time. Assure the Seller Youll Wait. Offer to Pay the Sellers Fees. Shorten Your Inspection Period. Provide a Strong Preapproval Letter.
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What is a Short Sale?
The sale of a real estate property for a price that is less than the total amount necessary to fully satisfy the actual present encumbrance (mortgage).
Sales Letter. The purpose of a sales letter is to persuade a specific reader to purchase a service or product. This is a persuasive letter, and must both
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