So for just right now, during the year of 2011, it seems that asking the bank that owns a house under short sale to reduce their asking price down by 20K is actually okay. The reasoning I have gotten so far is that they would be idiots if they didn't lower it because we are so far inside with the sale that it just wouldn't make any sense not to.
I think that is flaky reasoning and wishful thinking. Either way at least it is a reason to not give up hope yet. The other side to this is that I have asked like 4 or 5 people already about their thoughts on all of this and they have all consistently said the same thing, "yeah... that's normal. Just renegotiate." I was shocked each time I heard it.
From what I understand, this is considered normal for right now. These banks need to get their crap houses out of their books. It is just more of a liability right now.
No comments:
Post a Comment