News from Canada's Mortgage Experts
Category: Refinancing Your Property
Why pay interest of 18% on your bank's credit card debt when you can add that debt to your mortgage?
Wednesday, March 30, 2011
Posted by: Jason Reis
THIS TESTIMONIAL HAS NOT BEEN EDITED
We found out about Monstermortgage.ca through Jason Reis who managed our previous mortgage funded with National Bank. My husband and I are very pleased with the services we received from Monstermortgage.ca so far. We are particularly impressed with the professional manner Jason responded to our questions and the sound advice he provided in guiding us through the mortgage refinance process. Jason understood our financial goals and has helped us work towards achieving them sooner.
Regards,
Rita
Comments:
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Davinder
Written on Thu. May 17th, 2012. 11:37PM
The Astrologer is correct. The prloebm with most short sales is that they try putting them on the market without bank approval for the short sale. If someone does put an offer on it, they can sit in limbo for several months waiting for bank approval of the offer. And, the bank could come back and reject it, saying it's not enough.So, by saying in the listing that the short sale was accepted and the buyer didn't have sufficient $ to close, they are advertising the selling point that this will be a quick escrow.When I was looking at short sale and foreclosure condos last year to buy as a rental, my real estate agent said to avoid short sales, because of the waiting period with getting the offer approved by the bank. But, I found a short sale that said in the listing that, not only did the bank approve the short sale, but here's how much they approved it for. So, that's what I offered, it was accepted, and escrow closed in 30 days.References : +1Was this answer helpful?
