short sale homes

Why Bank and Government “Short Sale” Strategies Will Fail by Aaron Zapata

Why Bank “Short Sale” Strategies Will Fail      I’ve spoken to agents all over California, and we are all finding similar scenarios when it comes to working with homeowners on Short Sales (when a home is valued less than the amount owed).  What the banks and the government have failed to ask is what I believe to be the most important question of all: “Will the outcome of the short sale be...

Foreclosure vs. Short Sale

In the past, it was rare that a bank or lender would accept a short sale. However, due to the overwhelming market changes, lenders have become much more negotiable when it comes to these transactions. Recent policy changes within many organizations have made the chances of getting a short sale approved even higher. The following information describes the short sale process: Homeowners are “short”...

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