This is a short sale, we got the loan amount from the county records. A home nearby sold, listed at 203K but it needed lots of work, this house is really nice, but my wife got spooked because the of the AS IS addendum which was not in the listing. Our offer would include a 14 day inspection period to look for hidden home defects. What if the owner ( the listed seller) accepts our offer and the bank holding the loan rejects it? If it is only time we waste it would OK, but i don't want to chance losing our earnest payment. How much earnest money should be but down in this situation? - Sat Jul 5 2008, 15:08
MVPs or 'Most Valuable Players' are key Trulia Voices members who have been contributing high-quality content throughout 2008 and providing valuable advice to consumers and real estate professionals.
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