Foreclosures for Sale: 34% Off

by Jenner on January 26, 2012

Are you wondering why a lender would participate in a short sale?  Most homeowners do!  The idea a lender would accept less money than they are owed and also forgive the debt seems crazy.

Until you see the alternative.

Lenders are all about the money.  They lent money against your house with the idea they would make money. Now, as you enter default, they are all about losing as little as possible.  In a short sale, homes usually sell for a little under market value.  In a foreclosure, they are selling for way under market value, about 66%!!  That adds up to a huge loss, a much, much bigger loss than if they reward you to participate in a short sale.

Learn how to stop foreclosure!

 

Foreclosures for Sale: 34% Off.

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