Do you think we will get it cheaper from the Bank?

There is a short sale currently for sale in Manteca CA that my buyer really really really (did i say really?) wants. The issue is that the current realtor said, it is going to foreclosure & will be going back to the bank. Now What? see the questions in italics from my buyer below:

Do you think we will get it cheaper from the Bank?

It's hard to say. I would love to say yes, but I just don't know.

Okay thats better than NO.

How long do you think it will take for the bank to be ready? So we can put an offer in. More or less.

I have to check the foreclosure date. Sometimes it takes a couple months. Foreclosure date is set for June 1st.

What does that mean?

That is when the bank is scheduled to take back the house. The bank cannot sell it till they take it back.

So that means we can put an offer in around that time???

Not till it is assigned an agent. Shortly after foreclosure we should see a paper in the window that states who the agent is and I will call once that happens.

Okay....thx tina

No problem. Happy to help

Above is the conversation that one of my buyers & I had today, which had me realize that there are others that want to know this stuff. If you have questions, I have answers.