Why would the bank reject our short sale?

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

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