Short Selling Your Home in Baltimore

By
Real Estate Agent with Remax American Dream

 

Short Selling Your Home in Baltimore - Are you thinking of short selling your home in Baltimore?  There are many factors to consider when Short Selling your home in Baltimore.  Below I listed Why Banks Participate in Short Selling and What are Some Benefits of Short Selling your home.  I’m a Short Sale Specialist in Baltimore and would be more than happy to assist you with all your Short Sale needs.  Please feel free to call or text me at 410-917-1991 or e-mail me at rosemarysellshomes@gmail.com.

 

Why do Banks Participate in Short Sales?

 

  • Banks participate in short sales to help homeowners and themselves prevent foreclosures.

 

  • Banks cooperate to avoid the costs associated with foreclosing, and thus the managing and reselling of REO (Real Estate Owned) assets.

 

  • Compared to foreclosures, short sales are less costly, less time-consuming and more likely to see completion.

 

  • The over supply of foreclosure properties is a financial burden against the banks. Banks cannot afford to take back all of the foreclosed homes.

 

What are Some of the Benefits from a Short Sale?

 

The Seller, Homeowner: The seller avoids the credit disaster of losing a home to foreclosure. It's viewed as the "responsible choice".

The Lender: By completing the short sale, the lender reduces the actual loss and eliminates the exposure to risk that goes with acquiring a property through foreclosure.

The Buyer: The buyer that hangs in through the short sale process can get a property at a below market price

 

Short Selling Your Home In Baltimore

 

Comments (1)

Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Rosemary, pls. view our Re/Max RELO message -  http://actvra.in/4jHG

Aug 16, 2014 12:11 AM