- Short sales help neighborhoods
- Bank owned properties (REO's) sell for 10 to 15% less than Short Sales
- It helps borrowers save face and not face the embarrassment of a foreclosure
- The borrower can go back and buy another home a lot sooner after a short sale
- Short sales save the time to put an REO on the market
- Short sales help customers, buyers, agents, investors who own the notes and the neighborhoods
Saturday, July 9, 2011
Banks and Investors favor Short Sales over Foreclosure
Reasons why:
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