Bellevue WA – People often wonder why their lender will release their debt in a short sale.
Most lenders don’t like to release the debt. But, they agree to do it because they know that policy nets them more money.
They net more because a home usually sells for more money as a short sale versus after it has been foreclosed upon. Let’s go thru a few examples.
See the home in the picture above? You can see that it is good shape. Most short sales are being sold while the homeowner lives in the home.
The homeowners are able to keep the house up. They keep the inside clean and neat. In addition, they mow the lawn and keep up with the yard.
This makes a big difference in the sales price. Would you rather buy a home that is in great condition or one that needs work? Click HERE to read more.