Hello all,
I am in Palm Beach County Florida, Boynton Beach to be exact. I would like to get some feed back from as many as short sale superstars as willing to give. Here is my question:
Does anyone know where we can find what is typical for an investor when approving a short to consider or want to see in reference to closing cost. IE sales price 200,000 dollars is 10% the most they usually want to have to pay out inclusive of everything. 2nd, commissions, title fees, stamps etc.
Thanks
Tags:
I'm not sure this information has been gathered collectively. I think at best everyone can give you their experiences with certain lenders. I've seen one lender contribute on a financed offer and when it fell through a cash offer was put in and there was no contribution, so even the same investor could have different standards for different types of offers.
I WISH there was a way we could track this stuff as a community.
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