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19 Sep 2015
A brief sale is a complex process, however the math is fairly clear to see. There's a $6.00 loan with a house that is worth $4.00. Owner wants out. They sell the house to the buyer for $4.00. Buying money goes to the bank. The bank eats the $2.00 This is a classic short sale. We Buy Houses Charlotte NC

It is a Bankruptcy Without The Lawyer

Short sales are similar to bankruptcies. In a corporate bankruptcy, one crowd is going to get screwed. It's either the bondholders, the shareholders or the bank. Usually it will be the shareholders. In a short sale, the vendor is likely to be the one with all the disadvantage, since they will take a hit on their credit as well as on their taxes. Since the buyer, you're the individual who makes all the...