Posts Tagged ‘how to find foreclosure properties for free’
Find Foreclosure Properties
February 1st, 2010
Find Foreclosure Properties
Question: In short sales and foreclosure properties, who pays for the appraisal?
In normal sales, usually the buyer pays for it and requests reimbursement from seller in escrow.
But for these short sales, when it’s really all in the bank’s hands, does buyer still pay for short sale or does the bank have their own people do it?
I dont want to pay for this appraisal, then if the house doesn’t appraise and we decide not to get it, I am stuck just wasting a couple hundred buckson that appraisal.>
Answer: No the buyer is always resposible for the appraisal. often included in your mortgage
5 Easy Ways to Find Foreclosed Homes
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