Time is short for a short sale.
Time is short for a short sale.
Time is Running Out if You Want to Buy A Short Sale AND Take The First Home Buyer Tax Credit
It is well known that first time home buyers love short sales… and love that first home buyer tax credit. If that is you, time is of the essence. Since you have to be under contract by April 30 to qualify of the tax credit, you need to get your offer into the bank in the next week- you will be frozen out if the bank goes beyond April 30 to respond to your offer.
Do you think the bank will care if it goes beyond the April 30 deadline? I wouldn’t count on it. I would hope that most would do their best to get answers back before April 30- but the banks have shown no interest in the Buyer’s welfare before, so I don’t think they will start here.
The average time of response is 30-60 days. Better get Cracking! Then- even if approved, still no way of knowing if we can get it closed by June 30- though if we get it approved by April 30… closings generally happen faster than that.
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We are Short sale experts- Experts in the buying and selling of short sale and foreclosure properties. We can help keep you out of foreclosure, or acquire a short sale CHEAP.
Why would you want to buy a short sale? Easy- you help a Seller out of trouble and you save tons of cash. No, you aren’t “taking advantage of them.” Quite the contrary, someone is going to get a good deal, either on the short sale, or if unsuccessful in the short sale, then in the foreclosure. A Short Sale is greatly preferred by the Home Seller.
Call Terry today at 704-351-1519
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People must run to get these short sales (a good investment) owners are desperate to avoid foreclosures in Charlotte
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