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Property is in Rough Shape or Unfinished

Sep 11, 2012
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My property is in rough shape, or construction has not been completed, Can I still do a short sale?

Absolutely. In fact, lenders are more motivated to do a Short Sale on a property that needs work than on a property that doesn’t. The lender knows the risk of loss goes up when they foreclose on a property that needs lots of work.

Aside from expense of completing the work, lenders are simply not set up to get the work done. They are in the loan business, not the fix- it business.

Read 1145 times Last modified on Wednesday, 26 September 2012 18:02
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