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gemgirlco
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Post subject: Rental properties  Posted: Wed Oct 17, 2007 12:13 pm |
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| Junior Member |
Joined: Sat Jul 21, 2007 6:18 am
Posts: 3
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Are rental properties a good candidate for a short sale. I was wondering if the bank would consider the primary home of the seller as assets? Should I take a short sale listing on a rental property?
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FrankWible
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Post subject: Short Sale / Short Payoff Posted: Wed Oct 31, 2007 1:25 pm |
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| Junior Member |
Joined: Thu Aug 09, 2007 12:49 pm
Posts: 36
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What I have found in some investment cases is that the bank will ask for some seller responsibility. They may ask for seller to take personal note or contribute towards closing. I always say "Take The listing" and work it from there!
_________________
Frank Wible
REMAX ALL PROS
Turnersville, NJ 08012
(856) 228-2990
[url="http://www.ShortSaleNJ.com/"]http://www.ShortSaleNJ.com/[/url]
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