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Updated about 12 years ago on . Most recent reply

Matt Roth's profile image
Matt Roth's profile image
Matt Roth
  • Developer
  • from Upstate New York
  • Member since Oct 8, 2013

User Stats

12
Posts
1
Votes
Matt Roth's profile image
Matt Roth's profile image
Matt Roth
  • Developer
  • from Upstate New York
  • Member since Oct 8, 2013
Matt Roth
  • Developer
  • Upstate New York
1
Votes |
12
Posts
Foreclosures

Short Sale Justifiable Percentage

Matt Roth
  • Developer
  • Upstate New York
Posted

There will not be a uniform number and there are a lot of variables before one can give a concise answer but at what percentage is reasonable for the bank to indulge in a short sale?

Mortgage Owed = $180,000 (sits near Market Value)

2 Years Empty

2- Story, Finished Basement, Garage, 4 BR, 2.5 Baths

2,000SF

7 Acres of Land

Rural Market

$10,000 CAPEX

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