What is going on,cash offer on a short sale,they stall and then sell to B of A and they will not budge ?
The previous bank oked the sale but would not send approval letter.The buyer has cash and the bank will not budge.wth is going on?
CA, my old house is going to be sold in a short sell. i owe $356,000. and it’s going to be sold for $205,000.?
i have agree to pay back $18500. $156. for 10years.Will the bank still come after me for the rest?
with no interest
Going to sell my home on a short sale, I have questions .?
I’m going to have to sell my home on a short sale. I have found out that the home is not worth what I paid for it 5 years ago with 20K down on it now. If your in finance or have been thu this your Information will really help me out a lot.
I had great credit yesterday on my credit report. I’m at 770 av. on the three big ones. Medical reasons and then loss of her job and we are going up side down. No savings left now.
We got in touch with the lender, we got a run around, three hours late were hiring a Lawyer type lender/provider service for help with dealing with them and setting up a short sale. It is listed now for the tax value of the home and land only. About 80K short when it is all done.
We don’t want to file bankruptcy.
Questions:
Will the short sell clear us out on the home or will we end up having to file bankruptcy to clear it off?
Were will our credit score go to now? (were at 770 today)
If it doesn’t sell, we can only pay our other bills with help from a doctor friend, so when are we on the street?
Anything else you can tell us about this and the out come would be helpful,
Thank you
John
We have talked to the lender and they will not work with us until were behind three months in the rears. We will be 3500. a month short until the work returns to this aera of the country. (WA)
Im wanting to buy my first home and its going to be a short sell. Im wanting to know what a short sell means.?
Stocks end with meager gains, keeping rally going (AP)
NEW YORK – Stocks gave up most of their gains to end slightly higher Friday, extending a September rally that has slowed as the month wore on.
The Dow Jones industrial tacked on 13 points, while the Standard & Poor’s 500 Index edged up less than a point. Both traded close to the breakeven level all day. The Dow and other major indexes logged their third-straight weekly advance.
The market started out on an up note following surprisingly strong profit news late Thursday from technology leaders Oracle Corp. and Research in Motion Ltd., which makes BlackBerrys.
Technology and industrial shares were broadly higher, though energy companies were weak following a drop in crude oil. A decline in a measure of consumer confidence from the University of Michigan/Reuters also kept a lid on buying. Gold set another record and Treasury prices edged higher in a sign that investors remain cautious.
The Standard & Poor’s 500 Index, the measure used most widely by professional investors, briefly edged above a technical trading threshold, but not enough to convince analysts that the market is ready to move sharply higher. Stocks have been on a nearly unbroken upward march in September, driving the S&P up 7.3 percent.
Traders watch such technical barriers closely for clues about where the market might go next. Right now the key level for the S&P 500 is 1,131, its intraday high for June 21 and the top end of its recent trading range. It barely peeked over that level Friday but failed to stay above it, a sign that the market needs more fuel, in the form of good news on the economy or corporate profits, before moving higher again.
Uri Landesman, president of Platinum Partners, said if the S&P can rally past 1,131, it could surge even further in the next couple of weeks. But if it cannot significantly eclipse that level and falls back below 1,115, roughly its low for the week, “we could go to 1,000 pretty fast,” Landesman said.
The Dow Jones industrial average rose 13.02, or 0.1 percent, to close at 10,607.85. The Dow is up 5.9 percent in the month to date, defying skeptics who predicted a decline in September, which is historically a weak one for stocks. It has risen in seven of the past eight days.
The Standard & Poor’s 500 index inched up 0.93, or 0.08 percent, to 1,125.59, and the Nasdaq composite rose 12.36, or 0.5 percent, to 2,315.61.
For the week, the Dow and S&P are both up 1.4 percent, and the Nasdaq is up 3.3 percent.
The Dow also had three straight weeks of gains in mid- to late July as many big companies delivered positive earnings surprises. However stocks spent most of August in a funk before turning higher again in September as news on the economy started to improve.
In corporate news, Oracle reported fiscal first-quarter earnings that easily topped forecasts after the market closed Thursday. Shares jumped $2.12, or 8.4 percent, to $27.48
Research in Motion also reported a big jump in earnings as it added new subscribers. Investors have been worried about competition to the BlackBerry from Apple Inc.’s iPhone and mobile phones run on Google Inc.’s Android technology. Shares closed up 23 cents at $46.72 but traded as high as $48.74 earlier
Money flowed into Treasurys again after the weak consumer sentiment reading and a report from the Labor Department showed consumer prices rose slightly in August.
Tim Rood, a managing director at The Collingwood Group, said the report on consumer prices might not have been enough to quell concerns about potential deflation. That could force the Federal Reserve to re-enter the bond market and buy more Treasurys and mortgages bonds in an effort to stimulate the economy.
“Just when you think they’re all in … they essentially have to double down,” Rood said of the Fed. The central bank ended similar policies, known as quantitative easing, earlier this year only to have growth stagnate.
The yield on the 10-year note, which moves opposite to its price, fell to 2.74 percent from 2.76 percent late Thursday. Its yield is often used to set interest rates on mortgages and other consumer loans.
Gold touched a new record high again Friday of $1,284.40 an ounce before pulling back to $1,277.50 an ounce.
Benchmark oil for October delivery fell 91 cents to settle at $73.66 a barrel on the New York Mercantile Exchange, helping to send energy shares lower. Chevron fell 59 cents to $78.46.
About four stocks rose for every three that fell on the New York Stock Exchange, where consolidated volume was relatively heavy at 4.6 billion shares.
Volume was exceptionally high because of the simultaneous expiration of a series of futures and options contracts on stocks and stock indexes.
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I am thinking of placing a bid on a house that is going through a short sell?
The owners said that the house appraised for $109,000. I was thinking of placing the bid for $70-75,000. Is that reasonable? Do I need to go higher or could I go lower? If the bank doesn’t accept the first offer could I make another offer?
Can I short sell a stock that’s going bankrupt?
I want to short sell shares of the Mega Media Group, symbol MMDAQ. The company has ceased operations and it is going to be liquidated under chapter 7. The stock price is a twentieth of a cent. I want to know how I could buy millions of MMDAQ stocks and make a certain profit when the stock price becomes 0.
How much money should I put in a penny stock(MCLN) that I know is going to explode soon?
The company just got revamped and is guaranteed going to explode in the near future. I just dont know how much money to throw into it. A lot of info from biomed reports on google. Give feedback!
Can I purchase a home even after going thru a short sell to avoid foreclosure?
Our mortgage was a variable rate mortgage, and my husband had lost his job and bills were out of control… We decided to cut our losses and do a short sell and avoid foreclosure (which had started). At this present time we are slowly regaining financial abilities even thru our country’s economic hard times…We want to purchase another home in about a year. Will banks see me as a risk, and deny me a mortgage because of my past situation?
What affect do you believe the going live of Digital Television will have on the stock market if any?
I was just wondering what other people thought because I don’t believe that people are as prepared as the government believes. This is just one more thing that people are going to have to spend money on as opposed to spending money on other things. It seems that any bad news affects the stock market these days and their may be a lot of consumer depression concerning this matter.





