This is my 1st SS and I am stuck on what P&A to use.
I am working on a short sale for Countrywide, the problem is I read in previous forums to keep these short and simple for the banks. How short should it be and how much time do I make my offer good for (how much time for them to respond)? Or is that part neccessary on a P&A for the bank?
You can use a standard PA if you want. Just draw a line through the excess junk.
I altered the standard PA to eliminate unneccessary items and streamline it. It isn’t that the form needs to be short, but they don’t really want to see bunches of contingencies and conditions and stuff like that. They just want a price and a date you can close.
You should have your inspection issues out of the way and financing lined up.
Put a date on it…maybe 60 days. The lender will always ignore it and it will be useless until that one deal that you want to bail on and then you can pull the date out a hat and maybe get out.