We’re letting anyone who may be behind on their mortgage or are facing foreclosure that certain banks are now paying substantial sums to sellers who avoid foreclosure through the short sale process.
Depending on the lender,qualified homeowners who sell their home through a short sale are receiving on average around $3,000 directly from their lender after the transaction closes. We have found however, that some banks are providing an even higher dollar amount to qualified short sellers.
This is due in large part to the fact that it costs banks tens of thousands of dollars (The HIGH tens) to foreclose on a property. Even though, in an approved short sale, they are technically losing money based on the value of the property being short sold, it is substantially less than the cost of a foreclosure on their books.
We have the answers to your questions. If you or someone you know may be facing foreclosure, give us a call at 661-510-2789, or go to http://bringingyouhomescv.com.
Posted on 04/14/2012 at 11:15 AM