Benefits of Short Sales: Sellers are Motivated to Sell. – Another benefit homebuyers can enjoy when deciding to go with a short sale purchase is the motivation of most sellers. Sellers are motivated to sell because they want to avoid going through a foreclosure.
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Buying a Short Sale Property – Freddie Mac – A short sale addendum is a critical document in many short sale transactions because it provides the details regarding some of the following: Contingencies upon which a contract can be canceled or executed.
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What Is a Short Sale on a House and What Are The Benefits? – Benefits of a Short Sale. A short sale can absolutely benefit everyone involved; buyer, seller, and lender all serve to gain in that they don’t stand to lose as much if they are able to work out a short sale.
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10 Benefits of Short Sale over Foreclosure – HowStuffWorks – 10 Benefits of Short Sale over Foreclosure. 10 It can protect your credit. From a lender’s perspective, it’s better to recover a portion of a mortgage loan than to absorb a total loss. Therefore, in lieu of a foreclosure, banks will often settle for a short sale. This allows both the lender and the homeowner to end up in a better position.
Short Sales vs. Deeds in Lieu of Foreclosure | Nolo – Because the sale price is "short" of the full debt amount in a short sale, the difference between the total debt and the sale price is the "deficiency." Example. Say your lender gives you permission to sell your property for $200,000, but you owe $250,000.
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Which To Buy: Short Sale Or Foreclosure? | Bankrate.com – "The short sale is, in my opinion, far better than buying a foreclosure because the home is generally in better condition because it’s been occupied," she says.
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