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Category: Making an Offer

  1. What is a bank's typical schedule for reducing the price on a foreclosure?

    Reader Question: In general, what kind of pricing schedule do banks use for foreclosure properties (as far as a discount rate per every 15, 30, 60, 90 days etc…? I know that the bank is willing to take less for a property the longer a foreclosure sits on the market, however, in general what is […]

    Categories
    Home Buying
    Making an Offer
  2. Why would a short sale seller not accept bids until a certain future date?

    Reader Question: Monty, there is a short sale house I am interested in. They are not accepting bids until April 6. Why? And is there any way to circumvent the process to get your offer considered ahead of time?  – Annette M.  Glendale, AZ Monty’s Answer: Hello Annette. There is a multitude of potential reasons they may […]

    Categories
    Home Buying
    Making an Offer
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  • Accepting an Offer
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