Short Sales

under what circumstances would i have to give the seller walk away money on a short sale? is this advisable? common?

Comments(3)

  • DerrickAli14th October, 2003

    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

  • kmaben218715th October, 2003

    just what i needed to know. thanks!

  • DerrickAli17th October, 2003

    You WELCOME!!!

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