As the market is rising, short sale properties are being sold for as close to full value as possible. Mortgage companies will not accept a short sale that will net them less than they would get as REO property. Statistically, REO properties are selling for close to market value leading banks to expect short sales to sell for about the same price. Condition of property should be taken into consideration but realistically the investor will determine their value and acceptable net amount for the short sale.
Posted in: Realtors