Short Sales
under what circumstances would i have to give the seller walk away money on a short sale? is this advisable? common?
under what circumstances would i have to give the seller walk away money on a short sale? is this advisable? common?
K:
It depends:
Nomally I give the Owner some Uhal around $1K to $3K depending on the value of the home and/or the lender's restrictions on exactly how much cash a seller in a short-sale can receive...
Check first with their lender about this issue.
You could always just pay it as an earnest deposit ($???) up front to the owner to sign both the short-sales contract+ GET THE DEED!
I hope this helps!
Derrick
just what i needed to know. thanks!
You WELCOME!!!