December 1, 2008, 11:53 am
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foreclosuresinvesting@gmail.com
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The seller wins by avoiding foreclosure by selling their home before the foreclosure auction even if they owe more than its worth. If they were to sell the house the traditional way with a realtor without a short sale, typically they would have to bring tens of thousands of dollars to the closing to sell their own home. This is not an option for them because they are in foreclosure and don’t have any money. Sometimes they are able to get some moving money out of the deal where they would get nothing if they lost the home back to the bank.
First Name
:
D.C.
Last Name
:
Fawcett
foreclosuresinvesting@gmail.com
has written
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Title
What are the benefits of doing a short sale?
December 15, 2007
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