Colli Real Estate

Have we offer is too low in foreclosure?

Hello, We just put an offer on a foreclosure 3 days ago and we are concerned, We did not have enough. The house is 2024 square feet and is located in a golf community with homes reaching the mid-300. The house is listed for $ 124,900. We $ 127,900 offered by the bank to pay closing costs. While researching, we found that the other houses sell for as little as $ 90,000 to $ 122,000 for seizures and $ 200,000 for a regular sale. Any advice on our chances of getting this house would be great. Additionally, the bank is Countrywide, now Bank of America. Does anyone have experience working with them?

In essence, you have made about $ 121,000 for the property, it's a decent offer. If no other bids, which will probably happen is the lender will notify all interested parties to be their best offer. So you can get another bite at the apple if there are other offers. If your real estate agent, I'd say we expect a response from the lender.

Foreclosure Runaround – ABC Brian Ross

The Foreclosure Of America: Life Inside Countrywide Home Loans And The Selling Of The American Dream $9.99 Now in paperback-an inside look at Countrywide Home Loans and the mortgage crisis from a former mortgage lender executive. In July 2004 Adam Michaelson attended a high-level meeting at Countrywide Financial headquarters about a new loan product that would allow borrowers to pay less than their minimum monthly payment. The "finance jocks" believed that the booming housing market would only get bigger supporting homeowners in a cycle of borrowing against their houses and refinancing later. They were wrong. And when the bottom dropped out Countrywide suffered the consequences-as did millions of Americans. With an insider’s knowledge and thorough reporting on the impact on American families and the ripple effects on the economy Michaelson examines the marketing of a mirage and the bad business decisions that destroyed a company confronts the ethical questions that have arisen in the wake of the foreclosure crisis and offers creative proposals to prevent such a meltdown from ever happening again.Now in paperback-an inside look at Countrywide Home Loans and the mortgage crisis from a former mortgage lender executive. In July 2004 Adam Michaelson attended a high-level meeting at Countrywide Financial headquarters about a new loan product that would allow borrowers to pay less than their minimum monthly payment. The "finance jocks" believed that the booming housing market would only get bigger supporting homeowners in a cycle of borrowing against their houses and refinancing later. They were wrong. And when the bottom dropped out Countrywide suffered the consequences-as did millions of Americans. With an insider’s knowledge and thorough reporting on the impact on American families and the ripple effects on the economy Michaelson examines the marketing of a mirage and the bad business decisions that destroyed a company confronts the ethical questions that have arisen in the wake of the foreclosure crisis and offers creative proposals to prevent such a meltdown from ever happening again.

Foreclosure Of America: Life Inside Countrywide Home Loans And The Selling Of The American Dream $7.39 Now in paperback-an inside look at Countrywide Home Loans and the mortgage crisis, from a former mortgage lender executive. In July 2004, Adam Michaelson attended a high-level meeting at Countrywide Financial headquarters about a new loan product that would allow borrowers to pay less than their minimum monthly payment. The "finance jocks" believed that the booming housing market would only get bigger, supporting homeowners in a cycle of borrowing against their houses and refinancing later. They were wrong. And when the bottom dropped out, Countrywide suffered the consequences-as did millions of Americans. With an insider’s knowledge and thorough reporting on the impact on American families and the ripple effects on the economy, Michaelson examines the marketing of a mirage and the bad business decisions that destroyed a company, confronts the ethical questions that have arisen in the wake of the foreclosure crisis, and offers creative proposals to prevent such a meltdown from ever happening again.Now in paperback-an inside look at Countrywide Home Loans and the mortgage crisis, from a former mortgage lender executive. In July 2004, Adam Michaelson attended a high-level meeting at Countrywide Financial headquarters about a new loan product that would allow borrowers to pay less than their minimum monthly payment. The "finance jocks" believed that the booming housing market would only get bigger, supporting homeowners in a cycle of borrowing against their houses and refinancing later. They were wrong. And when the bottom dropped out, Countrywide suffered the consequences-as did millions of Americans. With an insider’s knowledge and thorough reporting on the impact on American families and the ripple effects on the economy, Michaelson examines the marketing of a mirage and the bad business decisions that destroyed a company, confronts the ethical questions that have arisen in the wake of the foreclosure crisis, and offers creative proposals to prevent such a meltdown from ever happening again.

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