2015 Nike Air Max Sale

1) Is it typical for banks to ask buyers to sign 2015 Nike Air Max Sale such a form in these type of sales? And if I sign the form, what are the risks involved?

2015 Nike Air Max Sale

Ah, good point, Jeff. Leticia, one form of real estate business is wholesaling. You find a property, contract on it, then sell it to someone else at the same time. The bank thinks you a wholesaler. You want to tie up the property, then spend the next 45 days trying to find a buyer. They think you will back out of the deal if you don and want to be sure you lose your EM if you try to back out. Nothing you say going to convince 2015 Air Max Grey

2015 Nike Air Max Sale

"One of my best friends has been waiting on a bank owned property for months now! They fell in love with it mid summer, had an offer accepted, and now they are just waiting and waiting and waiting, with the bank constantly coming back to them to change the offer details. They close to walking away because of how frustrating the process is (and there no end in sight, while the house sits empty and untouched). could the same thing happen to me):

So am I crazy here? Since this is the first time I have ever bought a property, I need your advice. My questions are:

Once all the contingencies are satisified, and for you that sounds like at the point where the inspection deadline passes, the earnest money is committed to the deal. You can still walk, but they keep the money. Nothing unusual here. That the seller recourse for having the property off the market if you get cold feet at the last minute.

Originally posted by Jon Holdman:Ah, good point, Jeff. Leticia, one form of real estate business is wholesaling. You find a property, contract on it, then sell it to someone else at the same time. The bank thinks you a wholesaler. You want to tie up the property, then spend the next 45 days trying to find a buyer. They think you will back out of the deal if you don and want to be sure you lose your EM if you try to back out. Nothing you say going to convince them differently.

"One of my best friends has been waiting on a bank owned property for months now! They fell in love with it mid summer, had an offer accepted, and now they are just waiting and waiting and waiting, with the bank constantly coming back to them to change the offer details. They close to walking away because of how frustrating the process is (and there no end in sight, while the house sits empty and untouched). If they had signed what this bank is asking you to sign, they might have lost their earnest $$."

So, unless the contract says otherwise, you are guaranteed that the bank will either close by the agreed upon date, or you be entitled to your EM back if you want it.

In the case above, the bank was not able to close by the agreed upon date. As soon as the agreed upon closing date passes, the bank is required to get an addendum signed by all Nike Thea Grey And Pink

As I said in the PM, once you have a contract, the bank cannot change anything substantive. If the house burns to Womens Nike Air Max Thea Black

´╗┐Bank wants me to forfeit my 10K in earnest money after

2) If I decide to move foward, what can I ask for or stipulate in our counteroffer to the bank to make sure that my rights (and my money) are protected?

On my end, however, it just sounds too risky. I DO have every intention of buying the house but what if we discover a major problem with the house just before closing or what if the bank makes demands of us after they accept our offer (can they do that?) that we deem unreasonable? It just seems to risky to guarantee that they get to keep our 10K no matter what.

Either way I think your in a different situation. You need to do your due diligence, have a solid inspection and be sure that you make your yes or no decision before the inspection period ends. The bank is probably thinking your trying to buy time to flip it and they don want you to walk if you don find a buyer in time. Just my opinion.

"One of my best friends has been waiting on a bank owned property for months now! They fell in love with it mid summer, had an offer accepted, and now they are just waiting and waiting and waiting, with the bank constantly coming back to them to change the offer details. They close to walking away because of how frustrating the process is (and there no end in sight, while the house sits empty and untouched). If they had signed what this bank is asking you to sign, they might have lost their earnest $$."

2015 Nike Air Max Sale

2015 Nike Air Max Sale

I in the middle of purchasing a cash only REO. We have offered to pay 10K in eanest money, have show proof that we can pay for the property in cash, and have asked for a longer closer date than normal (45 days) because it will take time for us to get our money out of the various investments we have it in. like if we can come up with the cash for some strange reason).

If you choose not to sign this extension, the contract is void and you can get your EM back. You won lose your EM if the bank can follow through on their end of the deal.

parties that says, "We all agree to extend the closing date by a certain period of time."

Any and all advice you can offer would be much appreciated. I feel like I swimming up a creek without a paddle and could despertly use the advice from others who are more familiar with these type of sales.

The bank informs us that this is there way to feel more secure given my 45 day waiting period that I pay for the property by the specified closing date.

2015 Nike Air Max Sale

Do be sure your contract says "liquidated damages" as the remedy if you default, and not "specific performance". Liquidated damages means they keep your earnest money, and that the end of the deal. Specific performance give them the right to keep the EM AND to sue you for additional damages. could the same thing happen to me):

2015 Nike Air Max Sale

This is standard practice, not just from the bank but from any seller. You paying cash so there is no financing contingency. You have an inspection contingency, but that has a deadline. With banks, this deadline is often fairly quick. On my last deal I found out Thursday night my offer was accepted and I had a Monday inspection deadline.

2015 Nike Air Max Sale

them differently.

Well said Jon. Your explanation of my thoughts is very thorough and easier for a retail buyer to understand.

the ground, they also cannot force you to buy the burned ruins at the same price.

Are you sure they not trying to negotiate a Short Sale from the bank? Short Sales, when listed with a Realtor will sit for ever while the realtor takes offer after offer to present to the bank.

Keep in mind that the bank has to uphold their side of the contract too.

2015 Nike Air Max Sale

As I said in the PM, once you have a contract, the bank cannot change anything substantive. If the house burns to the ground, they also cannot force you to buy the burned ruins at the same price.

Originally posted by WAHomeBuyer:

2015 Nike Air Max Sale

2015 Nike Air Max Sale

2015 Nike Air Max Sale

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