cost: You Don’t Need Money To Hire a Louisville Short Sale Expert Realtor To Avoid Foreclosure - 11/10/10 12:36 PM
As a general rule, the short sale does not cost the seller anything. Zero out of pocket, seller brings no money to closing.
The Short Sale Lender Accepts Less Than You Owe
In a short sale, your lender accepts and amount SHORT of your payoff, hence the phrase SHORT sale. They accept what the market will pay, regardless of of what you owe them.
The Short Sale Lender Pays Your Closing Costs
When the seller is experiencing a true hardship, the lender recognizes that the seller does not have money on hand to pay closing costs, commissions, property taxes and all … (1 comments)