Buyer Miss-Understood about SHORT SALE

Buyer Miss-Understood about SHORT SALE
Understand SHORT SALE is NOT BANK OWNED
This is the real Email Answesr from us to one of our buyer Misled by the Short Sale Listed Price!

"VinnyTran.com" wrote:
That's OK ... I am glad that you now understand what is the meaning of SHORT SALE and also other mess seller leave behind for buyers (to name the few like: Tax lien, other junior liens on the house, law suit ... ) buyers must clean it up before taking title of the house
Yes this Saturday 2pm at my office and we'll continue our home searches in the area, I have your Mc.Duff and Lampson property on my list beside that we going to visit other bank repos properties in the area ... see you then.
Sincerely
Vinny / Nancy
(714)531-2678

ACTUAL Buyer wrote:
Chu Vinny,
What an eye opening! Txs so much for the info. I have
been searching the wrong way. I got misled by the
listed pricing...My intention was not to focus on
short-sale, but the houses I found happened to be short-sale.
Here is one bank owned, pls arrange to see this Sat.
P622621 - 11691 MAC DUFF STREET, 92841
we’re open to your suggestions....
Also, can you pls check to see if the house on Lampson
is short-sale or bank owned?
Sincerely,

--- "VinnyTran.com" wrote:
> Hi ,

"Recently, short-sale houses are lowering their
> asking price to $350K price range"
>
> So you really Do Not understand what short sale
> really is, it is something like this:
> (2 years ago Many buyers purchase properties under
> NO DOWN payment) there for their purchase price also
> is their Mortgage Loan.>
> Example: >
> In 2006 a buyer Purchase his home at $600,000
> with NO DOWN there for his Mortgage Loan also is
> $600,000.
> In 2008 as today market that same home only worth
> $450,000 ($150,000 less than what they bought the
> house for).
> There for at a BIG LOSS for their financial they
> decided to get rid of the house by selling it at
> LESS THAN today market price ($450,000) ... by
> listing the property way lower than what it worth
> ... sometime they listed at $100,000 with the hope
> that some Buyer will put an offer in and purchase
> home for that price ... So they can use this buyer
> as a bargain chip to get out of their Bad Loan.
> Now let say some Buyer whom Do Not understand
> what Short Sale really is and thought if they offer
> $100,000 for that house they can get the house for
> that price and gaining $350,000 Equity in that
> house.
> But that is not the case ... 10 times out of 10
> times Lender will not approved such a Naive and
> Crazy selling price ... They will reject such a none
> sense offer or counter the offer back almost to the
> Full Market Price (we are very lucky if they giving
> us 10% discount on the market price ... Usually is
> 5% discount on Market Value is the norm.)
> Do some more research about Short Sale for
> yourself so you'll have a better understanding what
> is it all about, BANK REPO, REO is a must better way
> to buy foreclosure homes.>
> Sincerely
> Vinny Tran
> (714)531-2678
>
>
> ACTUAL Buyer wrote:
> Hi chu Vinny & co Nancy,>
> Thank you very much for your guidance, here is our
> situation:>
> Presently, our saving is around $40K. Our combined
> income after taxes are appx $5+K/mo. Based on the
> estimate calculation, a house of $350K + taxes =
> $2.5K/mo, which is 50% of our monthly income.
> Recently, short-sale houses are lowering their
> asking
> price to $350K price range. We're hoping to find
> "the"
> one w/in this range.>
> We understand it's difficult, but would like to
> continue this search a little longer. Looking
> forward
> to your further advice.>
> Sincerely,>
>
> --- "VinnyTran.com" wrote:
>
> > Hi ,> >
> > Nancy and I we have been helped many buyers very
> > much with financial situation like you guys moved
> in to there First Lovely Home.> >
> > 1) SHORT SALES are NOT the answer for your
> > searches.
> > 2) Most of the Single Family Homes is out of your
> > reach.
> > 3) You both now almost in the exhaust mode and
> > pretty soon will giving up in your search for
> homes.> >
> > My advice is: ... Ready to move in Bank owned town
> > houses with all new carpets, new paints, new
> > appliances ... is your BEST option at this moment.
> > This investment will allow you guys to save on TAX
> > and build up your Equities for your Dream Home in
> > the next few years.> >
> > Believe me I did want to tell you this at First
> > but ... at that time it is Not the right time yet.> >
> > NOW ... I hope it is the right time ... Think
> > about it and let us know and remember you are
> always
> > in good hands with us.
> > Sincerely
> > Vinny Tran
> > (714) 531-2678

Vinny Tran / Nancy Do
Your Home SOLD in 45 Days or we'll Buy It for CASH !!!
Visit us at => www.VinnyTran.com
(714)531-2678