OfflineI recently had an offer on a short sale accepted. It was an offer I made in May of this year. At that time I offered 240K on a house that had $375K owed on it. At the time that would have been a top notch deal but now since the acceptance last week, I had comps redone and access to a current appraisal.
The comps are now around 185-210 for the same house/area. So instead of signing on the deal I sent back an amendment/counter offer offer if you will. I explained and attached the current appraisal and comps to just my lower price. I now offered 190K for the same property (using and/or assigns as well) and after 3 days, I get a call from my agent today telling me they accepted it. So instead of walking away and saying that it was a no deal, now I have a short sale that I am satisfied with and a property I am getting ready to market for sale.
Again, if you don't ask.....
Anita
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TWITTER - anitarny / FACEBOOK - anitarny
"FAILURE IS NOT AN OPTION"
I totally agree with the "if you don't ask..."
I use this in every area of my life. I was supposed to have to work at my J.O.B. this past Saturday. I asked if there was any way I could get out of it and there was. I wouldn't have known if I didn't ask, and because I did I got to attend a trng. event that helped to further my business knowledge.
It's so nice to be in the midst of a bunch of like minded people headed in the same direction.
Jeff
Congrats to you dear! I agree too, ASK and ye SHALL receive! Thanks for sharing.
God bless you,
Psalms 118:23 "This is the LORD's doing; it is marvelous in our eyes."
Thank you guys for the comments. I just like to keeping that out there about asking. It does work. Maybe not everytime but a lot of the time
Anita
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TWITTER - anitarny / FACEBOOK - anitarny
"FAILURE IS NOT AN OPTION"
"the women of the year", i swear, your always getting some type of deal accepted, good for you, sweets
YOUR HERO, SULLY
you do me proud my friend thank you for your wonderful support
Anita
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TWITTER - anitarny / FACEBOOK - anitarny
"FAILURE IS NOT AN OPTION"
Inspiring and encouraging investment stories. I cannot wait to tell my own. Thanks.
Sandra
"You can never get to the top, if you are not willing to climb. Do not look at the difficulty of the climb, only anticipate the view from the top."
"Can't even walk without you holding my hand." (Song)
"Is anything too hard for the Lord ..." Genesis 19:14
"In all things, wait on the Lord."
"Think not of your own deliverance, but trust in God who will give in abundance."
"When you are down to nothing, God is up to something." Unknown
"Our lives begin to end, the day we become silent about those things that really matters." Dr. Martin Luther King Jr.
The second half of that verse is "seek and ye shall find, knock and the door will be opened unto you." Thanks Elena for bringing us back to a higher purpose.
Wow great story. I guess this is proof that sometimes it is better that these short sales take a while to develope. You were able to have time to read the market and not get stuck with a high LTV property. One more reason to put "and/or assigns" on the contract. In this market who know what 4 months time will bring. I am looking on Zillow and seeing people who bought their homes less than 10 months ago short selling at nearly $100,000 less than the purchase price.
Thanks for the omment and you are so right. The way the prices are dropping and the length of time it is taking for the banks to respond is crazy. Remember - everyting is negotiable
Anita
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TWITTER - anitarny / FACEBOOK - anitarny
"FAILURE IS NOT AN OPTION"
I'm very proud of you girl! I like it when i read success stories such as yours. Speaking of asking, i was due to close another deal this thursday, but after evaluating the terms of the loan over the weekend, i've called them and asked them to give me a better interest rate since my credits are great, 100% financing and no pre-payment penalty fees. These are the three things i've requested when they processed my loan. I got nothing, zero out of three. I usually would like to get two out of three, but when it's zero out of three, i'm going to ask one more time of which i did that this morning. I'm waiting to hear from them, and if not, then they don't deserve my business.
I have nothing to loose, except not doing business with them. It's their lost. The mean time, i have contacted my lender in Utah for financing. They have financed all my properites included my last deal in May. I used to live in Utah, but since i've moved here, i'm trying to establish myself with the local banks here.
LL
YOU GO LLOYD!!...glad to see you made it throught Gustav too.
I am glad you decided to go back to your other lender, I did not like the actions of your current on. Good Luck.
BTW I have a lady that has 2 house on same street as me that wants to lease option to me for the project I was telling you about.
Anita
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TWITTER - anitarny / FACEBOOK - anitarny
"FAILURE IS NOT AN OPTION"
YOU GO LLOYD!!...glad to see you made it throught Gustav too.
I am glad you decided to go back to your other lender, I did not like the actions of your current on. Good Luck.
BTW I have a lady that has 2 house on same street as me that wants to lease option to me for the project I was telling you about.
Anita
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TWITTER - anitarny / FACEBOOK - anitarny
"FAILURE IS NOT AN OPTION"
YOU GO LLOYD!!...glad to see you made it throught Gustav too.
I am glad you decided to go back to your other lender, I did not like the actions of your current on. Good Luck.
BTW I have a lady that has 2 house on same street as me that wants to lease option to me for the project I was telling you about.
Anita
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TWITTER - anitarny / FACEBOOK - anitarny
"FAILURE IS NOT AN OPTION"
YOU GO LLOYD!!...glad to see you made it throught Gustav too.
I am glad you decided to go back to your other lender, I did not like the actions of your current on. Good Luck.
BTW I have a lady that has 2 house on same street as me that wants to lease option to me for the project I was telling you about.
Anita
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TWITTER - anitarny / FACEBOOK - anitarny
"FAILURE IS NOT AN OPTION"
Way to show 'em who's boss! You're an inspiration to us scardy cats... LOL! I had NO idea you could request all that and expect it! Who'd have thunk it. I'm so happy that you shared that with us, I really appreciate it. YOU ROCK!
Continued blessings for you,
Psalms 118:23 "This is the LORD's doing; it is marvelous in our eyes."
Are SOOOOOOO helpful when learning this process. I cannot tell you all how much I learn by reading true life events that have happened to all the other students (Anita being my favorite!) Here is some advise for people who get overwhelmed like me, when you start to get confused, lost, dont know what to read about, read the real life stories of other students, this alone is probably THE BEST place to get info, an inside scoop so to speak........IF YOU KNOW WHERE TO LOOK AND WHAT TO PICK UP ON, read between the lines sometimes, try to interpret what they are saying in a way you understand, reading these stories not only teaches you stratagies and techniques but you learn the emotional side of it as well, again if you know where to look and what to pick up on, you can learn so much, I cant even begin to list it all, but its so valuable it can be used in all aspects of your life, therefore being successful in every aspect of your life, well at least to a point were happy with cause no-one's perfect
Im babbling again, i'll stop now, you know what I mean, right? 
I love your energy. I am just as excited as you and appreciate everyones contribution. This is a valuable lesson in humanity. When you have something that can be shared to empower others to succeed, don't keep it to yourself. Help others see how they can prosper and the blessings will come back to you two fold. Keep it up everyone and don't be subject to your fears. Attack them by action and you can watch them disappear in the rear view mirror. We "all" can and will make it.