Colli Real Estate

real estate negotiations cash vs mortgage?

I’ve spotted a home (empty) that is heading toward a short sale. The house needs work but could be a gem when finished.In todays rough housing & mortgage issues,As a buyer on a unit like this do I have move of a bargining leverage with offering cash instead of getting a mortgage for a purchase or does it not matter?

It can, depending on how soon the house goes to auction.

If you’re two weeks from the auction, then a cash deal would certainly benefit as you could close immedately, where as a financed deal can run into complications and delay the close.

But if there is plenty of time to spare then in my opinion the only benefit would be if you’re bidding against someone else, then that’s just one more thing in your favor.

Frankly, I would use a mortgage and not bury my cash in a house. Especially in a declining market, and where it would cost you more money to get it back out.

Utilize leverage, and only put in as much as it takes to get to a do-able monthly payment.

Good Luck

Loan Modification – Part 4: Home Mortgage Bailout – Real Estate Foreclosure Prevention Process

The Rise and Fall of the Us Mortgage and Credit Markets (Hardcover) $73.32 The mortgage meltdown: what went wrong and how do we fix it? Owning a home can bestow a sense of security and independence. But today, in a cruel twist, many Americans now regard their homes as a source of worry and dashed expectations. How did everything go haywire? And what can we do about it now? In The Rise and Fall of the U.S. Mortgage and Credit Markets, renowned finance expert James Barth offers a comprehensive examination of the mortgage meltdown. Together with a team of economists at the Milken Institute, he explores the shock waves that have rippled through the entire financial sector and the real economy. Deploying an incredibly detailed and extensive set of data, the book offers in-depth analysis of the mortgage meltdown and the resulting worldwide financial crisis. This authoritative volume explores what went wrong in every critical area, including securitization, loan origination practices, regulation and supervision, Fannie Mae and Freddie Mac, leverage and accounting practices, and of course, the rating agencies. The authors explain the steps the government has taken to address the crisis thus far, arguing that we have yet to address the larger issues. Offers a comprehensive examination of the mortgage market meltdown and its reverberations throughout the financial sector and the real economy Explores several important issues that policymakers must address in any future reshaping of financial market regulations Addresses how we can begin to move forward and prevent similar crises from shaking the foundations of our financial system The Rise and Fall of the U.S. Mortgage and Credit Markets analyzes the factors that should drive reform and explores the issues that policymakers must confront in any future reshaping of financial market regulations.

Mortgage Home Welcome Doormat $24.98 Greet guests with this humorous and durable doormat. Welcome visitors to your home from the good people at Countrywide Mortgage on a neutral background. This cheeky mat is sure to get a chuckle. Made in the USA, this 100% Olefin indoor/outdoor carpet i

How to Save Thousands of Dollars on Your Home Mortgage $25.99 Find The Home Mortgage That”s Right For YouFinding the right mortgage can be complex, confusing, and frustrating…

Tags:   finance · home · investing · mortgage · newsNo Comments