Short sales are still happening around the country today, even though most people might wonder why would any seller want to do a short sale, especially if there was some other way to sell a home.
Sellers have all kinds of reasons why they waited so long to short sale. Many have enough equity so a short sale is no longer the only answer. But for those whose homes are still underwater, a short might begin to look like a viable option. The problem is some of these sellers do not qualify. They might not qualify because they bought another home in their own name, and most of the major banks will refuse to short sale for these sellers. They also might not qualify because they might be able to afford the payments, they"re just tired of doing so, and that"s not a reason that most banks will accept, either.
More Articles by Elizabeth Weintraub:
- Do You Have to be Delinquent to Do a Short Sale?
- Solutions to Common Types of Short Sale Problems
- Seller Contributions in a California Short Sale
Technorati tag: do a short sale
At the time of writing, Elizabeth Weintraub, BRE # 00697006, is a Broker-Associate at Lyon Real Estate in Sacramento, California.
Why Would Any Seller Want to Do a Short Sale Today? originally appeared on About.com Home Buying / Selling on Wednesday, April 23rd, 2014 at 05:00:24.
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Why Would Any Seller Want to Do a Short Sale Today?
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