short sales: Short Sales . . . do any of them ever close?
- 05/24/10 12:06 PM
Most do not close with the first buyer who went into contract and some never close before the trustee's sale date. And, most certainly aren't short! That's right! It used to be that there was nothing short about a short sale [asking the lender(s) to accept less than the amount owing on a home and allow the sale to go through.] But, enough pain and some lenders are shortening the process. Now it can take only 6 months instead of 8! Well, in some cases less. It is a usually much better solution for all involved than going through foreclosure. [Note … (0 comments)
Most do not close with the first buyer who went into contract and some never close before the trustee's sale date.;)
;)
