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12-02-2004, 04:49 PM
| | Junior Member | | Join Date: Nov 2004
Posts: 6
| | | "We buy homes" buyers
What is the name of your state? CT
As a follow up to one idea for preventing foreclosure....what can I expect from these types? I've got quite a bit of equity, and I'd think that selling it on the open market would net us less of fair market value anyway due to the lis pendens....lender offered a forebearance to sell, but I'm unclear if I'd have to disclose the foreclosure (I'm calling them back tomorrow).
What kind of % of FMV should I expect if I am to explore this? House was just appraised last week... |
12-02-2004, 05:10 PM
| | Senior Member | | Join Date: Sep 2004 Location: Pittsburgh (North Hills)
Posts: 1,557
| | | The "we buy homes" people do not pay a lot for homes. You would have better luck listing the home under appraised price for a quick sale.
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12-06-2004, 07:42 AM
| | Member | | Join Date: Feb 2002
Posts: 446
| | | The CT housing market still seems to be strong, but with longer marketing times. I too, think you would be better served by pricing the house reasonably (or even below market value) and trying to turn a quick sale rather than going to a distressed home buyer company. | |
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