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Why Would a Seller Want to do a Short-Sale?

Ask Steve!

Why would a seller want to do a short-sale?"

Bernard E.
Las Vegas, NV

The seller can avoid having a foreclosure on their credit report; conceivably live in the property "mortgage free" during the lengthy short-sale process; and it's the "right thing to do" when in default. Walking away from the property is irresponsible and unfair to the lender. The short-sale is a respectable option*.

Steven Kitnick, CSP, CNE, GRI, RRG

Steven Kitnick Seminars, LLC

Las Vegas, NV

www.NevadaCE.com

*Taken from The Certified Short-Sale Professional Student Workbook ~ Section 2-2 How Do Sellers Benefit?

Click Here for Information on the August 7th Certified Short-Sale Professional Designation Course

Posted by Steven Kitnick on 07/21/2009 10:19 AM

Comments (3)

Why Would a Seller Want to Do a Short-Sale? in the Home Selling Channel

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3 Comments on Why Would a Seller Want to do a Short-Sale?

JUL

Steven, Well said. Short sale is a respectable option and a responsible choice.

We've come a long ways baby when stopping payments and having the bank lose a fortune is the right thing to do... I realize some must and have no choice but it has become so common that people use it as a strategy. Hmmmm.

And the short sale does not affect the community as harshly as a foreclosure does.

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