The banks seem to be approving short sales more now then 3 years ago. The newest thing out now on a short sale is a COOPERATIVE SHORT SALE. This is a short sale where the bank actually preaproves the price before the real estate agent puts the home on the market and the homeowner does not have to give the agent all the long grueling paperwork like an original short sale. And the homeowner gets a cooperative short sale allowance up to $3,000.00 from the bank at close of escrow. The homeowner can live in the home until close of escrow. This is a good deal for homeowners because they then have some money in there pocket for moving expenses. The homeowner does not have to live in the home either it can be vacant. Finally the banks are starting to get smart with these short sales they are realizing that alot of the homeowners need a little help financialy to move out. This type of short sale is much easier and less stressful for everyone involved.
eXp Realty LLC - Tigard, OR
Principle Broker Oregon
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Feb 08, 2012 02:51 AM
Ken's Home Team LLC. - Vancouver, WA
- SOLD IS OUR FAVORITE 4 LETTER WORD -
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Ken
Feb 24, 2012 10:19 PM
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