The Advantages Of A Short Sale Over A Foreclosure For All Parties Involved
Posted by Artur Ciesielski on Friday, May 7th, 2010 at 3:42pm.Is there is a benefit of doing a short sale vs. letting the home go to foreclosure? There are a lot of benefits for all parties involved: the seller, the bank and even the community.
A foreclosure is a very negative process with many additional costs and consequences. Sellers take a greater hit on the credit, banks pay more and the community suffers in value and cohesion.
The benefits of short sale far out weigh the additional work that comes with it. I'm sure most don't care about the banks, so the benefits are equally great if not more so for sellers and communities. See why.
Artur Ciesielski | 602.492.8004
Artur is a Realtor and partner with inPhoenix Realty Group and an aspiring flaneur, currently in Phoenix or elsewhere when time allows, which is rarely. You can find him running up miles on this car, cycling the urban streets, in the office on Central or working at one of the many coffee shops in Central Urban Phoenix.
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Kudos on the site , very informative.. I am looking for a rental home in the next 6-8months
Posted on Friday, May 7th, 2010 at 4:54pm.