Quote:
Originally Posted by Ratters
Good luck, bought mine last year.
Out here, all the homes were either forclosures or short sales. Mine was a short sale. Going through the financing part I was getting really stressed out. My finance guy put it in perspective, I was getting a home for a great price, the people I was buying from were losing there home. The real stress was on them. Just keep your eye on the prize, it will all work out.
BTW, talk to a couple people about financing, rates and fees do vary.
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I looked at a couple of short sales, but you can go through a long, drawn out process on a short sale because a lot of times they can get caught up in the bureaucracy of getting it "approved" in a timely fashion.
In my case, I didn't see anything in the foreclosure ranks or short sale that ever compared to the house we bought. The seller's came down $106k off their original list price in 2008 to what we paid for it a year and a half later. My realtor was amazed at the price we bought it for as he got a doctor a house just before the bubble burst that paid $100k more and still didn't have as nice of a house.