Banks Are Approving Short Sales Over Foreclosures - Springfield Mo Short Sales
Short Sales are not easy, but the banks would rather approve a short sale, than have a foreclosure on their hands.
Home owners are beginning to realize that doing a short sales is much
better than a foreclosure. In a short sale, most offern, the
homeowner's debt is foregiven on the first lien. On a foreclosure, the
lender can come back on the homeowner for the outstanding debt.Working with some of the banks such as Bank of America, Chase and Wells Fargo, many are speeding up the process and closing more short sales.
For buyers purchasing short sales, the time it takes to close is frustrating. More real estate agents are being trained to educate buyers on the time lines to close and the lengthy process in closing.
Understanding short sales and each bank's process,
I've now successfully closed over a hundred short sales. For those sellers, the time to get back into the buying market has been shortened, versus waiting seven years on a foreclosure.
Banks are approving short sales over foreclosures, call me and my team to help you with you Springfield Missouri Short sale. We service Ozark, Nixa, republic, Rogersville, Springfield and surrounding areas.
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County. Other cities include Battlefield, Republic, Willard, Strafford and parts of Rogersville.
good reasons I stayed here.