Who sets the listing price on a Short Sale? Why does the bank want more money than the asking price in the MLS?

Who sets the listing price on a Short Sale? Why does the bank want more money than the asking price in the MLS? I often find my customers confused and sometimes angry when the bank finally approves a short sale, but at a higher price than it was listed for.  Why does this happen? The listing price is established by the owner of the home and the listing agent.  The price is typically just below market...

California Home Tax Credit. Up to $10,000 for Homebuyers

Governor signs home tax credit bill Governor Schwarzenegger signed AB 183 on Thursday, providing $200 million for home buyer tax credits. The bill allocates $100 million for qualified first-time home buyers who purchase existing homes and $100 million for purchasers of new, or previously unoccupied, homes. Eligible taxpayers who close escrow on qualified principal residences between May 1, 2010 and...

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