Will Bank Approve Short Sale

Will Bank Approve Short Sale

Why Would The Bank Approve My Short Sale?

It is usually more cost-effective for a bank to agree to a short sale, rather than foreclosing on a home. With a foreclosure there are additional legal fees, monthly upkeep fees on the property, etc.

What Is A Short Sale? | Will Short Sale Hurt My Credit? | Tax Implications Of Short Sale | Will Bank Approve Short Sale?

If you accept our offer to help you on a short sale, your lender may not agree to a short sale or modification. You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Avoiding foreclosure is important. We recommend that you speak with the appropriate licensed legal or tax advisor before making any decision.