Short Selling to Avoid Foreclosure

Posted by Daniel Peterson on October 10th, 2008 at 08:19am

Foreclosure home prices (REOs) can be cheaper than a short sale price. If you are trying to decide between waiting for the bank to take back a home or negotiating a short sale upfront, here are is what you need to know.

Lenders have a varying tolerance for short sales and mitigated losses. The majority of lenders have a pre-determined criteria for such transactions. Lenders aren

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