Why Do Mortgage Lenders Accept Short Sales

by Ron Wilczek on October 10, 2010

  • The mortgage is in arrears
  • Property condition is poor
  • To help a homeowner with hardships defaulting on a mortgage
  • The area or neighborhood has depreciated
  • The mortgage lender’s shareholders are concerned with excessive defaulting mortgages; By accepting the mortgage short sale process, the mortgage lender can help themselves by avoiding a lengthy, costly foreclosure process. A foreclosure results in the mortgage lender owning the property (known as real estate owned or REO). REO’s are a liability, not an asset; too many liabilities will cause any business problems

    • Back to Phoenix Home Seller Process FAQ’s

    Be Sociable, Share!

    Article by Ron Wilczek

    Ron has written 94 awesome articles.

    Ron Wilczek has been a Real Estate Agent since 1999 and the broker / owner of Metro Phoenix Homes since 2009. He represents clients in resale, new home construction, investment homes, and multi-family investments.

    { 0 comments… add one now }

    Leave a Comment

    Previous post:

    Next post: