ST Alpha - "I assume you have a pre-approval on a loan already?" (Reading a Post)

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In response to "crap. another cool house went up yesterday and already has a contract today. we're going to have to contract sight unseen. -- nm" by colin

I assume you have a pre-approval on a loan already?

Posted by groiny (aka groiny) Mar 5 '14, 08:30

so once you do see something, you can bid immediately?

Responses:

yep, we're set. still have a short sale offer in, but that's unlikely since we didn't go cash in hand. -- nm - colin Mar 5, 08:35 8
- also, back when I worked there, the banks usually had listings of properties as well. - groiny Mar 5, 08:37
- here, there are hundreds of listings of foreclosed properties posted weekly in the newspapers.... - groiny Mar 5, 08:36 6
  - nope, houses are going as soon as they're available. we're competing with investors, that's the issue. - colin Mar 5, 08:43 5
    - yeah, that is a problem for you. Seriously, try to call one of the big banks. - groiny Mar 5, 08:47 4
      - i've got a feeler out to freddie mac's foreclosure department. guy was really nice, but hasn't had anything for me yet. -- nm - colin Mar 5, 08:50 3
        
        try B of A, they likely have a shit ton of them. nm -- nm - groiny Mar 5, 08:52 2
        
        good tip, i will. -- nm - colin Mar 5, 08:53 1
        
        wells fargo too, i'd imagine -- nm - colin Mar 5, 08:54

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