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Higher offer but 'no deal'?

Posted by Real Estate Investor on Jul 07 | Real Estate Investing Chatter

We offered $47,000 above list price for a house sold as a shortsale. Instead a cashoffer came in just above listprice and the sale was done in 3 days through a trust deed, and the new buyer will flip it and put it on the market immmediately after the sale for a $40,000 profit. Great deal for the invester/flipper. But why isn’t the bank interested in getting the highest offer and pocketing the $40,000 ‘profit’ on their already huge loss themselves?, more 

and Can I use my current owned home as collateral on new home mortgage loan?  My wife and I live in a home legally donated to us by family. We have ownership. Can we use this home as collateral for a mortgage loan on another home in another state? If so, how does that work?, more 

and landlord tenant question – what are the legal ramifications?  The manager where I have my office changed the locks on me so I could not move my things out – I was there with helpers to move – I had the police come and she opened the office, would not give me the key to it, then she moved half my stuff into the hallway – saying I had no rental agreement, which is a lie, because I did.
They can’t take my things and move them without legal permission can they? I moved it back but it cannot be locked.
They made me (with the police waiting) wait so long that my helpers left – so I couldn’t move the things out that day – so she took it upon herself to move my things out with no court order, no notice, just started moving them out. I stopped her by going in and standing in the doorway, she pushed her way in and told me to get out. The police came back and said she told them I had no rental agreement, so she lied to the police.
What should I do? My things are back in the office, but it’s unlocked and I have no key.
my agreement is memorialized in an email – I have been there a long time – trading work for rent was our last agreement, more 

what are the basic steps when you consider buying a home?  My husband and I have been renting a house for 5 yrs now, the owner wants to sell us the house what do we do? Where do we go to get low interest? can fannie may help? Are there grants, or loans we should know about? Please help us, We are new at this buying in our early 50s.Help, more 

and I have only 6 months of credit history in the US .Will I be eligible for a home mortgage loan?  , more 

Tags: bank owned, repossessed, foreclosure, real estate investing