My realtor told me that the bank hired a new asset manager to take responsibility on a foreclosed home that...? related questions

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My realtor told me that the bank hired a new asset manager to take responsibility on a foreclosed home that...?0kg2012-09-26 03:04:04
... I had made a single use on . In the process of trying to get my finances in order , the new manager revealed that he wants to sell the house " as is" excluding all contingencies , and on a " cash only " policy . The real estate agent said that this means that the bank does not exempt any offer you have to go through a loan process . The seller wants to sell the bank foreclosed home with cash only. MedlinePlus MedlinePlus My question then is , not a bank borrowing money from ( once the loan is accepted ) give the bank a paycheck seller fully come closing time ? What difference does it make if the buyer gives the bank the sale of a check in the amount or the bank accepted pay cuts them a check for the amount accepted ?
Will home lenders give loans on small amounts say 20k-30?k. I was told by a realtor it would be hard.?0Kizner (chem)2012-08-10 22:49:02
I am interested in buying some low-end properties to rent or flip . I contacted a realtor in the area I'm looking to buy and told me 20k - 30k mortgage would be difficult to achieve. The houses I've been looking in the range of 20k - 40k and 20% for the part financed would be in the range of 20k, 35k . Is this true ? He said to look for a house if I want to search for housing homepath low price. I guess it was foreclosed on Fannie Mae homes. Should I try another real estate agent or try to obtain funding for low-end homes for the first time ? . I am prequalified for an FHA loan 80k to make an offering for HUD homes. But I never get a low-end loan would be difficult. Would it help if I went with a few verses a 15-year fixed 30 year fixed ? Any insight is appreciated !
Regarding bank-owned foreclosure home and asset management company...?1Jaimy2012-10-05 12:00:02
... when a bank that owns a piece of property seized, and hire an asset management company to sell the house in his name , and after a "defect " in the home was brought to their attention , they ( the bank and business assets ) decides to sell the house "as is " and insist on a "single " purchase , does this mean that the party was interested in buying the house through a loan is now unable to proceed with the purchase , as they don ' t have the funds to pay the bank money directly ? MedlinePlus MedlinePlus thanks for your helpful answers
I'm looking into purchasing a Condo thru Short Sale, the Realtor told me i'd basiclly need the money upfront.?3Sweet1_2luv 2012-11-02 23:05:01
either cash or a mortgage . But What if the bank does not approve the short sale ... What happeneds my loan? Also ... Is there a difference between a short sale purchase and a regular purchase . What are the differences with respect to the buyer ?
Can I still be hired at Chase bank?0Fonda2012-11-02 01:46:02
You can make a long story short , I met a former classmate for some time and urged me to apply in pursuit of him to, I explained that I did not have the best credit in the world and she said it was not a problem . However, I'm not listening to others who may be , all I have are student loans , a bank owe $ 200 and also a repo ... I lost my job last year so that's why all these things have been adding up ... everything else is fine, but the repo to my car I'm afraid .. Is it possible that the prosecution is not going to take the job because of that? Or are they just looking for judgments and liens that I do not? By the way , the job is a banker person . Thank you !
The Bank Manager1[C]razy Baby. -[i love you] (Margie)2012-11-02 23:59:03
Topic : Institutions and Markets (loan agreements ) Characters: Sarah, a branch manager in a large commercial bank As a young branch manager in an office retail relatively small within a large bank holding company , Sara has been questioned by his superiors to increase the volume of loans and deposits within its local banking market . in Sara
Can a company give security over an asset that isn't theirs for a loan, if the asset owners agree?0jameela2012-10-10 17:40:23
If a lender agreed to give a sum of money to the company to be secured against a property that the company does not own but not a shareholder , and the shareholder ( landlord ) agreed in the loan agreement that will allow the company to give their property as collateral . Is the person authorized to take over the assets owned by the shareholders if the company defaults and replayment terms are not met ?
Is 'deferred tax asset' a fictitious asset? and are unsecured loans long-debt?0michaela .b.2012-08-07 22:50:44
I am doing my project board 12 counts and I'm having major problems with the calculation of invested capital , total debt , etc. hellpppp Pleasee
What does the bank manager say to the teller?0mikayka2012-09-26 08:34:05
A frog goes into a bank and approaches the teller . You can see from the nameplate that her name is Patricia Whack . MedlinePlus MedlinePlus " Miss Whack , I would get a $ 30,000 loan to take a holiday . " MedlinePlus MedlinePlus Patty looks at the frog in disbelief and asks his name . The frog says his name is Kermit Jagger , his dad is Mick Jagger , and that 's okay , he knows the bank manager . MedlinePlus MedlinePlus Patty explains that he will need to secure the loan with some collateral . MedlinePlus MedlinePlus The frog says, "Sure . I have this," and produces a tiny porcelain elephant , about an inch tall, bright pink and perfectly formed . MedlinePlus MedlinePlus Very confused , Patty explains that she 'll have to consult with the bank manager and disappears into an office . MedlinePlus MedlinePlus She finds the manager and says, " There's a frog called Kermit Jagger out there who claims to know and wants to borrow $ 30,000 , and want to use it as collateral . " MedlinePlus She holds the tiny pink elephant . " I mean , what the hell is this? " MedlinePlus MedlinePlus The bank manager looks at her and says ...
Bank foreclosed without notice/ bank offering loan mod - how?0ladylake52012-11-04 10:25:30
I was in the middle of a loan modification with Wachovia (now Wells Fargo) when they foreclosed without notice. The house was bought at auction by the lender. I was not advised of this until a rep came and handed me a letter saying the house had been sold. I called the bank and was informed that I could start a new loan modification pending receipt of a letter the under writer was requesting. I asked about any future sales date, they said none was scheduled at this time. So does this mean the sale was reversed or what? The rep was vague on that point. How can I modify a loan on a property unless I own it? Or is the bank just stringing me along? please advise. I want to keep my home. Thanks in advance.
Seperate fixed asset and current asset.?0buggy2012-09-14 22:33:03
1. Cash balance MedlinePlus MedlinePlus 2.Money on calls and Short Notice MedlinePlus 3.Investments Advances and Letters Purchase 4.Loan MedlinePlus Assets Banking 5.Non 6.Other assets
How does a home equity loan on an second home that was foreclosed on affect my taxes?0alexander- very important!!!2012-08-29 08:09:06
I'm in northern Virginia and my wife and I are going to go our rental property due to lack of income. She was executed on 7/14/10 . We stopped paying in January, but July was the date of acquisition . We had a line of credit through another lender , bank staff and not our original mortgage holder . We have still been paying on that line of credit from foreclosure. They sent me a 1099 that basically says I'm not paying more in line , as if it were paid because the loan is guaranteed. I have not received any documentation on any of the interest paid for the whole year last year, and is greatly affecting my yearly taxes . Any advice ?

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