Bellevue WA – Many people don’t think they are eligible for a short sale because they have unpaid homeowner’s association dues. Don’t worry about paying them yourself.
When you short sale your home the association dues will be paid by your lender. Most of the time the amount owed to the homeowner’s association is a very small percentage of the overall sales price.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
Lenders know that a short sale will net them substantially more money than a foreclosure. I have an example in the post below.
I recently saw a home that was for sale as a short sale. A buyer offered to buy the home for $237,000. The lender rejected that offer. The home was foreclosed on and sold for $190,600.
The lender lost around $46,400 See Entire Story