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Should Sellers Accept Back-Up Offers On Short Sales?

What Do You Do When You Receive An Offer From Your Buyer Written Up By Another Realtor?

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Forum

Nathan Tutas

If I buy a short sale can the seller's lender come back and ask me to settle the debt?

No they can not. When that seller bought the home with a mortgage they signed a mortgage as well as a promissory note. When the lender approves the sale they also agree to release the lien on the…Continue

Tags: buyers, sellers, liens, note, promissory

Started by Nathan Tutas Jul 5, 2011.

Nathan Tutas

What Is a CMA?

CMA is an abbreviation for Comparative Market Analysis. This is the process a Realtor will use when helping determine a property's current market value. Comparable properties should be the same…Continue

Tags: comparables, cma

Started by Nathan Tutas May 30, 2011.

Nathan Tutas

What is FIRPTA?

FIRPTA is short for Foreign Investment in Real Property Act of 1980 incme tax withholding. Here is an article with some great information about…Continue

Tags: Withholding, Investors, Foreign, FIRPTA

Started by Nathan Tutas May 26, 2011.

Nathan Tutas

What Is A BPO?

What is a BPO? A BPO is a Broker Price Opinion. This a method lenders use to establish a property's current market value. This method is used in Short Sales and REO/Bank Owned Properties. In the case…Continue

Tags: Opinion, Price, Broker, BPO

Started by Nathan Tutas May 4, 2011.

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