Why would a bank short sale if they lose money?
Many banks do not not want to absorb the cost of a foreclosure . Foreclosures are very expensive and time consuming. Banks will typically work with home owners and their agent in hardship and allow you to perform a short sale, which will allow you sell your home without losing your home to foreclosure. Each bank has their own process of what is needed to do a short sale to be SURE you choose an agent who has done several short sales and is very aware of the process and what needs to happen to get this done. Short sales can be very lengthy and time consuming process, so try to be patient and get all documentation to your agent in full as quickly as you can. Do your research and ask questions so you fully understand what is going on at all times.
Blog Archive2017-07-14 10:45:41
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Building Your Family’s Wealth
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