The Misconceptions of a Short Sale…

Jan 27, 2012 by admin

It is believed by most that all homes sold under the short sale umbrella are sold at a below market value. That is not exactly true in most cases. While a home may be listed below market to similar homes in the neighborhood, it may not be the extreme bargain for the buyer. Even if the home owner accepts a low-ball offer, the lenders always have the final say on the sale price. If the offer is to low, the lender might refuse to accept the purchase offer.