How Much Do Your Short Sales Save?

[David Weiss]

Have you closed one or more short sales in the last couple years?

If so, how many have you closed and what's the typical write-down you are able to get banks to accept nowadays? 15%? 50%?

I'm hearing conflicting accounts about what's realistic so thought I'd ask the pros who do them. :)

Thanks in advance for your time.

[Sean Kuhn]

@Elizabeth Colegrove makes a great point. I love putting an offer in a house I know I can't afford yet, but 3 to 9 months later I'll be able to. All three short sales I've got are in great shape too.