Currently viewing the tag: "mean"
Question: Isn’t this mean……………….?
One of my neighbors moved about 2 or 3 weeks ago. They were quick about it (one big truck in one day), but said nothing to anyone. A couple of days ago, I noticed a for sale sign had been put in front of the house.
It was a typical real estate company “for sale” sign, except there was another sign attached at the top which said: FORECLOSURE. (Yes, all caps.)
Was that really necessary? I know this is public information for those who look for it, but why on the sign? That’s so mean.
Answer:
Answer by ♣Calin♣
That is pretty mean and im willing to bet that the people who owned the house were nice people too
Question: What are the different stages of foreclosure, and what do they mean?
I’m interested in buying a home in foreclosure, but I don’t know what the different stages are or what they mean. I’ve seen “notice of default”, “real estate owned”, “notice of foreclosure sale”, and “pre-foreclosure.” Can someone please tell me the stages (from beginning to end) and what that means to me as the potential buyer? Thanks.
Answer:
Answer by mr_tasty_phlegm
If it is going to the sheriff’s auction, it is pretty much a done deal. Once you purchase the home, everything in it is yours. You must be careful to do your research to determine if there are any liens on the property…because if you purchase the house, you are now responsible for any liens owed. Pay for a title search…it could save you some big bucks in the long run.
Question: what does short sale in real estate mean?
Every other home that is listed in mls in my area, put “short sale” in description. what is short sale?
Answer:
Answer by phattygirl
quick sale
Question: In county real estate records, what’s it mean when a house is sold to currrent owner (even 2+ times) for ?
Often a house that is listed on real estate sites (zip realty, etc) says “short sale”, but the last recorded sale price is way lower than the current “short sale” asking price, which makes no sense. Often in this situation the county records contain several records of sales where the owner sells the house to himself for $ 0…are these refinancings, someone taking out a home equity loan, what??
Answer:
Answer by hollywoodmelody
The last recorded sale price has nothing to do with current short sale price. A short sale is where the lender is allowing the property to be sold for what is owed on said property.
The county records are always behind (lack of enough assessors) so when they print the report it shows as $ 0. The owner does not sell the house to himself and they are not refinanced or someone has taken out a home equity loan. Where you got that information from is of a concern to me. Remember too that properties you see online are at least 6 months behind as they do not update as often as you think.
Question: In real estate what does a “short sale” mean to a buyer?
I’m looking to buy a new home. I know what a “short sale” means for the owner of the home but I’m not sure what it means for the buyer. For example, if the house is listed for $ 80,000 does this mean that I should make an offer higher than that or could I get the house for cheaper than the $ 80,000? I realize that all sales are different but I was just wondering what is the general rule for buying a “short sale” house. Thanks for your help!
Answer:
Answer by stephen t
It all depends on what the lender is willing to take for the property. You can offer less than 80K but you should do a little research. Look on the days on the market, the longer on the market the more willing they will take a lower price, beware of where in the foreclosure process they property is. It does not hurt to offer a lower price, it is a buyer’s market and there is plenty of inventory so buyers can be picky. Beware, short sales can be a headache/nightmare dealing with getting the approvals from the lender/seller and a lot of potential buyers move on due to frustration.
Question: In real estate, what does “short sale” mean?
My husband and I are looking into buying a house, first time home buyers, and we found this really nice house listed at 87,000. But the realtor told me its a short sale and that she would find out if they are taking offers. I have no idea what she’s talking about, can someone break it down for me. Thanks!
Answer:
Answer by golferwhoworks
the bank may be willing to take less than full amount owed on the home. These take months and months to become final
Question: What does it mean when a real estate property is a “sanction sale” by the city?
And how does purchasing one work? Is it by auction like a foreclosed property?
Answer:
Answer by SAWGIRL
it means that the sale of the property has the cities approval or permission. it could be a tax foreclosure or a city owned property that they no longer need, These sales are either by auction or by closed bids. if it is a bid you will need to make an offer and submit it by a certain date along with a deposit. the sales are final, and cash. must be completed within a certain time. You should contact the city and they will tell you the details.
Question: What does the term “NTC Trustee Sale” mean with regards to Real Estate transactions ?
I saw this term on a document in the Public records for a piece of residential Real Estate
Answer:
Answer by Joe M
this usually means the property sold as a foreclosure sale
Question: What does the term “Short Sale” mean in the real estate lingo?
Is it a good thing for buyers, os should you avoid them?
Answer:
Answer by MadMan
It is when a property is sold for less than the mortgage owed on it. It takes a long time for the sale to close as the bank has to agree with the price.