secong mortgage: What Are The Main Reasons Short Sales Fail? - 05/02/11 11:49 PM
What Are The Main Reasons Short Sales Fail?
A skilled short sale expert Realtor can close a high percentage of short sales. However, some short sales will not close. Here are the main reasons short sales fail:
The second mortgage companies dictate terms that are impossible to meet. The foreclosing lender gets unreasonably high opinion of value from an appraiser, regardless of actual lower market value. The foreclosing lender insists on getting a price that is higher than reality. The foreclosing lender says they will get reimbursed more by the insurer or backer of the loan if the house goes to … (4 comments)