Foreclosures
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 16 years ago,
Benefits to Seller of a Short Sale
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