First, it is my attempt to provide timely, accurate information to the public interested in real estate for whatever reason. Whether a buyer, seller, homeowner, interested party, or investor it is important to understand as much as possible in this challenging real estate market. When well informed individuals make better and more sound decisions for themselves, individuals are happier and feel better about those decisions, and everyone wins.
Part 2 – Short Sales Don't Necessarily Represent The Best Value To Sunriver Home Buyers…
Typically, the bank in second position tells the first bank they want some compensation in order to approve the short sale. Sometimes the first bank agrees, sometimes they do not, other times they try and squeeze either the buyer or the seller for what ever they can in an attempt to mitigate their circumstance (the second bank)...