Rudy
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4 lower prices houses and <week to go before closing: Can I ask Ocwen for lower price?

Started this discussion. Last reply by Rudy May 17, 2014. 2 Replies

I've posted a few times before about our situation buying a short sale. Ocwen said we had to complete the deal by May 23 to get the discount or else it goes to foreclosure. This is the second time as…Continue

Will Ocwen take it to foreclosure if we don't close by,,,,,

Started this discussion. Last reply by Rudy Apr 29, 2014. 6 Replies

I am a short sale buyer. Thanks for everyone who helped with my earlier question: …Continue

Buying Short Sale: Negotiations after home inspection

Started this discussion. Last reply by Wayne Brooks Apr 7, 2014. 3 Replies

Since posting two months ago, our buying process of the short sale property is slowing moving forward. It is in Broward County, FL, next to Miami-Dade county. There is only one lien on the house, not…Continue

Tags: inspection, home, negotiate

Short Sale Title and Attorney questions

Started this discussion. Last reply by Rudy Feb 5, 2014. 3 Replies

My employer relocated me to the South Florida area and provides for most of my relocation expenses. We've been renting for 5 months; our least goes until August 2014. We've started looking at houses…Continue

 

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Latest Activity

Rudy replied to Rudy's discussion 4 lower prices houses and <week to go before closing: Can I ask Ocwen for lower price?
"Good to know Ocwen won't lower the price. My real estate agent convinced me to stay with what we got because the one that is on the market has lowered their price, but they are still $10k higher than our house, have less land, and no pool, but…"
May 17, 2014
Rudy posted a discussion

4 lower prices houses and <week to go before closing: Can I ask Ocwen for lower price?

I've posted a few times before about our situation buying a short sale. Ocwen said we had to complete the deal by May 23 to get the discount or else it goes to foreclosure. This is the second time as it was supposed to go foreclosure in March but then postponed it due to our offer in February. Since then, two similar houses in that neighborhood (Broward County, FL) sold for much less than I thought, a similar model house (regular sale) is back on the market for just a tad over our prices, and a…See More
May 17, 2014
Rudy replied to Rudy's discussion Will Ocwen take it to foreclosure if we don't close by,,,,,
"After seeing what Wayne sent me, we will move to close as as soon as possible, which from what my lender is telling me, will me about the time it is due."
Apr 29, 2014
Jorge Vega replied to Rudy's discussion Will Ocwen take it to foreclosure if we don't close by,,,,,
"If there is an active foreclosure sale date past the good through date of the Approval Ocwen will be very hesitant to postpone the sale, how ever its very possible. I don't see them extending Short Sale Approval until August…"
Apr 28, 2014
Wayne Brooks replied to Rudy's discussion Will Ocwen take it to foreclosure if we don't close by,,,,,
"Rudy, did you see your in box?"
Apr 28, 2014
Rudy replied to Rudy's discussion Will Ocwen take it to foreclosure if we don't close by,,,,,
"I did a property record search and determined the Parcel ID#. Then I did a search on the CET site and it turns up zero rows. My real estate agent is telling me it is in the court system which is why I'm not sure if I'm looking at the right…"
Apr 28, 2014
Rudy replied to Rudy's discussion Will Ocwen take it to foreclosure if we don't close by,,,,,
"Wayne, I have sent you a friend request so I can send you the address if you can look it up on Broward. I couldn't find the page on Broward's website to look it up, which is why I tried in realtytrac. "
Apr 28, 2014
Wayne Brooks replied to Rudy's discussion Will Ocwen take it to foreclosure if we don't close by,,,,,
"The vast majority of people short selling their are Not current on their payments, and are in foreclosure.  Your agent should know the status of any foreclosure proceedings.  More importantly, regardless of any foreclosure issues, you may…"
Apr 28, 2014
Rudy posted a discussion

Will Ocwen take it to foreclosure if we don't close by,,,,,

I am a short sale buyer. Thanks for everyone who helped with my earlier question: http://shortsalesuperstars.com/forum/topics/buying-short-sale-negotiations-after-home-inspectionI got the notice late Friday that Ocwen has approved a discount payoff agreement. At the price I offered (no increase, which was my big worry). Woo hoo!They say the expiration date is May 23. They have all this…See More
Apr 27, 2014
Wayne Brooks replied to Rudy's discussion Buying Short Sale: Negotiations after home inspection
"This is one of the reasons we require inspections up front, before the contract is submitted to the bank. The reports help justify the price. If you get an approval, then go back and ask for a lower price, it is much more difficult. The repairs you…"
Apr 7, 2014
Rudy replied to Rudy's discussion Buying Short Sale: Negotiations after home inspection
"Actually, our home inspector included estimated costs in his report. They total of $3600 of current repairs (some of which I can fix), and $13,000 of potential, of which only $5000 is of concern to me. So my $4000 number is much less than that.…"
Apr 6, 2014
Bryant Tutas replied to Rudy's discussion Buying Short Sale: Negotiations after home inspection
"Asking for a price reduction due to repairs can be done but will certainly slow things down. My suggestion would be to get estimates for what needs to be done. So you know exactly where you stand. chances are the repairs are a lot less than you…"
Apr 6, 2014
Rudy posted a discussion

Buying Short Sale: Negotiations after home inspection

Since posting two months ago, our buying process of the short sale property is slowing moving forward. It is in Broward County, FL, next to Miami-Dade county. There is only one lien on the house, not multiple ones as is common in short sales. We were told the bank has suspended any potential foreclosure proceedings in the house and the owners are moving out at the end of April. I was asked this past week to provide proof I had the down payment, and I had to respond the next day. I was…See More
Apr 5, 2014
Rudy replied to Rudy's discussion Short Sale Title and Attorney questions
"Thank you all for the suggestions. We are in Miami-Dade county now and the property is in Broward County. The attorney I had been talking to lowered is fee for us and so we're using him. He has a lot of experience with real estate and owns his…"
Feb 5, 2014
Wayne Brooks replied to Rudy's discussion Short Sale Title and Attorney questions
"Agreed with Jeff.  Regardless of who customarily pays for title in your county (your agent can tell you) the listing will probably designate the title co. as they have to cooperate on the short sale process, or may actually be handling the…"
Feb 5, 2014
Jeff Payne replied to Rudy's discussion Short Sale Title and Attorney questions
"Probably not needed to have an attorney review your contract in Florida.  The contracts are boiler plate.   Depending on what is customary in your area, seller or buyer may pay title.  Most banks will cover the sellers title fees in a…"
Feb 5, 2014

Profile Information

First Name
Rudy
Last Name
Smith
Are you a...
Buyer
State
FL
City
Miami

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