Thursday, November 4, 2010

Why are the banks paying homeowners to do short sales?

IT IS A VERY SMART THING TO DO! Most banks are offering seller incentives to complete the short sale up to $3500. It is a win win situation for both parties. The bank does not take a property back in very poor condition because it has been flooded or trashed out by an angry homeowner. Also, they save money on legal fees to foreclose on the homeonwner. The banks also get a FREE housesitter to make sure it is not vandalized by others. Remember Homeowners, these banks can't afford to take your house back!

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