Why would your lender accept it. .instead of a foreclosure?
Why?
As you know. approving a short sale transaction, lending institutions end up losing a lot of money while the homeowner essentially is forgiven of the debt and the buyer gets a great deal.
However, the money lost through a short sale to the lender is much less than if they allowed the home to go into foreclosure.
What the bailout did for all homeowners in trouble is to provide the banks some cushion for all these losses.
Another fact into effect. .all lenders want to do everything possible to prevent foreclosure. . but, just because they are willing to accept a short sale, you are still required to qualify for a short sale
For a free direct consultation and see if can qualify, call me at 240-426-5754
Not ready to call yet?
then
To find out if a short sale is an option for you. ..click here
More information about SHORT SALES IN MARYLAND HERE
Short Sales and Foreclosures in Maryland
Short Sales in Maryland
The current economic bailouts that were give to lending institutions have made short sale deals more attractive to banks.
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