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Short Sale Information for Sellers in ForeclosureDEFINITION OF A SHORT SALE:A short sale takes place when the sales price of a house is less than the outstanding mortgage balance on the property and the lender agrees to absorb the difference.
WHY BANKS APPROVE A SHORT SALE:Foreclosure proceedings are very expensive for banks. It may be less expensive for them to accept a short sale if the homeowner is no longer able to afford their payments. In that case it is a prudent business decision. Banks don't agree to short sales because they "feel sorry" for the owner or "understand" their circumstances. … (0 comments)

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E. Steve Banis, Jr.,  http://www.SouthCarolinaHomesInc.com  (South Carolina Homes Inc.) Rainmaker large

E. Steve Banis, Jr.

http://www.SouthCarolinaHomesInc.com

Charleston, SC

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South Carolina Homes Inc.

Address: USPO BOX 310, Sullivans Island , South Carolina, 29482

Mobile: 843 881 7171

Office: 843 881 7171

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