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Close Topic OptionsWhat to Negotiate For in a Short Sale
What Negotiate Short Sale - Politics, Business, Civil, History - Posted: 4th Oct, 2010 - 4:22am
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Post Date: 4th Oct, 2010 - 4:22am / Post ID: #
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What to Negotiate For in a Short Sale
What to Negotiate For in a Short Sale
Real Estate News From CoStar Group
What to negotiate for in a short sale depends on who you are and where you 'sit' in the transaction. Buyers will want to negotiate for the lowest price, seller concessions, help with closing costs, and credits for repairs or damage. The home owner is the seller and will want to negotiate the highest price their lender will accept as a short payoff to reduce the potential deficiency ramifications. The foreclosing lender will want to negotiate a price closest to the total amount they are owned and will not want to allow any costs or concessions. The real estate agents or negotiators will want to make sure to negotiate their fees, so they get paid.
Source: Real-Estate:Foreclosures Articles from EzineArticles.com
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TOPIC: What to Negotiate For in a Short Sale