home for sale fontana ca
Will this short sale get approved?
The house we placed an offer on is for sale for $299,000 and I offered 280,000 cash. I can’t offer any more because I’ll have no money saved. It’s located in Fontana, CA (BUILT IN 2005 HOME-4 BEDS & 2.5 BATHS WITH 2,992 SQFT/9,000 LOT). The owners owe $570,000 with two loans from different banks. We already got approved by the Wells Fargo bank($70,000) but waiting on Wamu bank ($500,000). It’s been a month already. I am afraid that we wait another month that we may not get approved and lose a chance at another house. I really like the house it’s perfect and we really deserve it because we just lost our business and my husband and I worked so hard to save money. I’m sick of paying rent. Should we wait? Do you think we’ll get approved.
I’m buying the house cash in full and I have money saved up and I have a full time job awhile running a business that happened to go out business this year like so many others. I think i know what im doing.
It has a good chance.If the comparibles are at the rate offered and the two banks can agree on percentage of reduction,then yes it probably will .
