There are a handful of reasons why a bank might reject a short sale. Several reasons include (but are not limited to):
- Whether or not the bank will make more money by granting the short sale over pursuing foreclosure
- Homeowner’s financials show no hardship
- The purchase price offered on the property is too low and/or the property has been vacant for too long
Again, these are examples of reasons but every situation is unique and we are willing to attempt ANY short sale.
Posted in: Homeowners