As an agent, you know that a short sale can save your client from a devastating foreclosure. It’s simply a better solution for a homeowner in distress than a bank repossessing the home.
But now, banks have also realized that short sales are a better option for their own bottom line.
They are shifting away from sales of bank-owned homes, often preferring pre-foreclosure short sales. Lenders are even starting to approve more aggressively priced short sales and provide substantial homeowner relocation incentives up to $35,000; it still makes the lender … (2 comments)
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