Im trying to purchase a home on a short sale but i get the idea the current owner and real estate agent are trying to get more money out of me than the bank is asking for. I want to go directly to the bank and bypass the owner and r.agent. ANY INFO WILL HELP!
You can forget that idea. It is illegal for them to discuss the house with you at all. The loan itself is private information and the bank will not talk to you. Even if they foreclose they will not talk to you directly, they will refer you to their RE agent.
If the bank gave the sellers a number you absolutely have to reach it or there will be no sale. It is not a ball park, it is a minimum and to offer less requires an entire new approval.
November 22nd, 2009 at 11:13 am
You can forget that idea. It is illegal for them to discuss the house with you at all. The loan itself is private information and the bank will not talk to you. Even if they foreclose they will not talk to you directly, they will refer you to their RE agent.
If the bank gave the sellers a number you absolutely have to reach it or there will be no sale. It is not a ball park, it is a minimum and to offer less requires an entire new approval.
References :
November 22nd, 2009 at 11:47 am
Landlord is quite correct. The lender will not and CAN NOT talk to you regarding this issue. Any such communication is confidential between lender and borrower only. Your dealings are limited to negotiating only with the owner, and waiting for lender approval or denial.
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November 22nd, 2009 at 11:54 am
Hello,
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Thanks,
Management.
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