Banks Now Prefer Short Sales to Foreclosures : Windermere Real …

Banks Now Prefer Short Sales to Foreclosures : Windermere Real …

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"Everything is in short sale or foreclosure," Wobig said. Lenders – the ones holding the mortgage – make the decisions on short sales and foreclosures. But those banks are overloaded. Emily Hetrick.

My sense, based on Q1 listings and sales. as I prefer, to "game theory") with complete accuracy. It’s often intuitive and ad hoc in ways that necessarily go beyond where data sets of comps and.

And the funny thing is, besides one uncle who graduated West Point, is a Vietnam Vet and was smart enough to invest in real estate at an early age. In 2014, my house finally sold as a short sale.

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WASHINGTON – Those who are surfing for homes on the market may notice a handful of short sales. Foreclosures have been hampering the housing market for years now, but another type. sales in.

 · Posted by Mcfarlin Law, in Short Sales; A short sale is the sale of a home for less than the balance owed to the original lender. Short sales are commonly used by homeowners to avoid foreclosure, but both lender and borrower must agree to the short sale. Banks prefer short sales because they are generally less costly than foreclosures.

The big difference between the two is that an REO is already owned by the bank and you can get a pretty quick response for your offer and with a short sale you will have to wait 60-120 days for an.

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A: A short sale is still owned by the person who owes money to the bank. The borrower is asking the bank to accept less than they are owed in order to sell the property.

Diane Olick does a fair and balanced job on the real estate beat – looking beyond the NAR’s (always rosy) cheer while digging deeply into foreclosure. now allegedly requesting money on the side.

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It’s time for another mortgage match-up, with the latest in the series pitting the lesser known "deed in lieu of foreclosure" vs. the more popular short sale. Nowadays, there are plenty of options to get rid of your home and avoid foreclosure , even if you owe more than the property is currently worth.

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