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Updated over 16 years ago on . Most recent reply

User Stats

6
Posts
0
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Don Roberts
  • Developer
  • Boise, ID
0
Votes |
6
Posts

Benefits to Seller of a Short Sale

Don Roberts
  • Developer
  • Boise, ID
Posted

Seems like alot of people here are extensive experience in Short Sales. While I have done a couple with Sellers I have only one reason I can think of a Seller would want to do one.

Well maybe two:

*Possibly not recieve a deficency judgement
*Looks somewhat better on credit report. Although I have heard that foreclosure or Short Sale can be overcome in a few years if someone is good with credit after the fact.

I am by no means an expert here but am curious what some other reasons to do a short sale are. I am talking from a sellers perspective here. I understand why a investor would want to do them.

Thanks in advance for any feedback.

Don Roberts

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