SELLERS IN TROUBLE GUARANTEED OFFER IN 72 HOURS BEHIND ON PAYMENTS; NO EQUITY IN HOUSE
The sales prices of most short sales are actually sold for LESS than foreclosure homes. This is due to the fact that a Short Sale proceeding costs a lender a lot less money on average. Lenders are also in the money lending business, NOT the property management business. Due to these facts, a lender will typically accept well below market value on a property in order to avoid foreclosure.
2. A short sale is solution for the home owner and the lender. Borrowers get relieved from their mortgage debt and get their credit restored. 3. A foreclosure can Damage your credit up to 7 years and bankruptcy up to 10 years. Some experts believe a foreclosure is much worse than a bankruptcy. 4. Investment Properties can be short sale.
. 5.) As short sales have become more and more common, the lenders are streamlining the short sale process, and the best homes are being sold off as short sales prior to foreclosure.
|
