What is a Quick Sell? Help! This is a house we want to buy?
January 30th, 2010 by admin
We were going to buy this house from our uncle and then there were more mortgages on the house that we didn’t know about.
The bank called last night and wants to do a Quick Sell. What are we in for? Will they be selling for less than what is owed? They want us to call a realtor and get it appraised. Why? Wouldn’t our loan officer/ bank do this anyways?
Sorry if this is confusing. My uncles house is getting forclosed on, and we were going to buy it from him. Now they (his bank) want to do a Quick Sell to us. Should we do this?
His bank called us knowing we wanted to buy the house 3 or 4 times trying to get us to pay $645 to keep it out of foreclosure. We said no way! That isn’t our bill!
Repossession
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