negotiating: Want to buy a short sale? You've better pack your patience! - 12/16/08 12:08 PM
 
If you are considering purchasing a short sale, it's important to understand that while you may be able to get a great deal, you need to have a lot of patience to get that good deal! Here's just one example of why...
In February, 2008, I listed a home for short sale in Prince George's County, Maryland. At that time, the asking price was $525,000. The seller ratified the first full price offer around April but it took Countrywide (seller's lender) until July to assign the file to a negotiator. This one step in the process took so long that the buyer got frustrated and … (4 comments)

 

Dion Rainey

Washington DC Metro Area Homes

Waldorf, MD

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REMAX 100 White Plains

Office: (301) 843-5100

Mobile: (301) 910-1250

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