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Nichole Lathus
"Realtor"
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Nichole Lathus answered:
HELOO,
SOMETIMES WHEN A SELLER IS IN A SHORT SALE SITUATION, THEY ARE ABLE TO GET THE BANK TO APPROVE THE SHORT SALE AT A CERTAIN PRICE. BUT IF THE HOME HAS BEEN ON THE MARKET FOR A LONG PERIOD OF TIME WITHOUT AN OFFER, THE AGENT WILL LOWER THE PRICE OF THE HOME UNTIL A CONTRACT FOR THE HOME COMES IN. AT THAT POINT, THE AGENT WILL SUBMIT THE CONTRACT TO THE BANK AND THEN THE BANK WILL DECIDE IF THEY WILL APPROVE THE SHORT SALE AT A DIFFERENT AMOUNT.
SELLERS WANT TO SELL THEIR HOMES IN A SHORT SALE BECAUSE THE NEXT STEP COULD BE FORECLOSURE. A SHORT SALE LOOKS BETTER ON YOUR CREDIT THAN A FORECLOSURE.
FEEL FREE TO CONTACT ME WITH ANY OTHER QUESTIONS OR CONCERNS AT 708-646-6533 OR EMAIL AT nlathus@yahoo.com .
HAVE A GREAT DAY,
NICHOLE LATHUS
MCCOLLY REAL ESTATE
SOMETIMES WHEN A SELLER IS IN A SHORT SALE SITUATION, THEY ARE ABLE TO GET THE BANK TO APPROVE THE SHORT SALE AT A CERTAIN PRICE. BUT IF THE HOME HAS BEEN ON THE MARKET FOR A LONG PERIOD OF TIME WITHOUT AN OFFER, THE AGENT WILL LOWER THE PRICE OF THE HOME UNTIL A CONTRACT FOR THE HOME COMES IN. AT THAT POINT, THE AGENT WILL SUBMIT THE CONTRACT TO THE BANK AND THEN THE BANK WILL DECIDE IF THEY WILL APPROVE THE SHORT SALE AT A DIFFERENT AMOUNT.
SELLERS WANT TO SELL THEIR HOMES IN A SHORT SALE BECAUSE THE NEXT STEP COULD BE FORECLOSURE. A SHORT SALE LOOKS BETTER ON YOUR CREDIT THAN A FORECLOSURE.
FEEL FREE TO CONTACT ME WITH ANY OTHER QUESTIONS OR CONCERNS AT 708-646-6533 OR EMAIL AT nlathus@yahoo.com .
HAVE A GREAT DAY,
NICHOLE LATHUS
MCCOLLY REAL ESTATE
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