I'm sure that somewhere this has been covered, and I could search it out - but this is so much easier.

9 listings -- all but one are short sales -- price constantly decreasing - FINALLY 3 offers on one property -- HUD 1 has been done-- back taxes and HOA fees are due.

Is the bank going to cover these? I want to be totally honest with the other agents. Suggestions to make this deal go through. I've got great records or price decreases and showings, already have my name in at the bank, seller already has a Loss Mit person assigned, true hardship..... what about the taxes?

thanks

Susan Goulding
Keller Williams - Tracy/Mt. House, CA
209-914-5573

The area of dubious reputation # 1 in the nation for Foreclosures. Rapidly declining market.

__________________
Susan Goulding, Realtor
Keller Williams Realty
Tracy - Mountain House, CA
209-914-5573
http:www.SusanGoulding.com
Susan@SusanGoulding.com


always at your service!

Yes the lender should pay any back taxes at closing. Any amounts that are owed are part of your customers debt and will figure in to the bottom price the lender will accept for the property.

Thanks -- I've got the first one going in tomorrow -- it's 101 pages -- do you really fax the entire thing?

__________________
Susan Goulding, Realtor
Keller Williams Realty
Tracy - Mountain House, CA
209-914-5573
http:www.SusanGoulding.com
Susan@SusanGoulding.com


always at your service!

Susan, Be sure all costs expected to be paid by the lender are included on the HUD-1 statement you are sending to the lender. Yes, all documents required in the lender short sale package need to go to the lender. We fax all offers separate. Also write or use labels with the loan number on all pages of documents sent to the lender. And... Have fun!

Randy Lewis
Associate Broker
RE/MAX Professionals
Arizona