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Why are the banks paying homeowners to do short sales?

November 4th, 2010
Erica Homes
Real Estate and Banking

IT IS A VERY SMART THING TO DO! Most banks are offering seller incentives to complete the short sale up to $3500. It is a win win situation for both parties. The bank does not take a property back in very poor condition because it has been flooded or trashed out by an angry homeowner. Also, they save money on legal fees to foreclose on the homeowner. The banks also get a FREE house sitter to make sure it is not vandalized by others. Remember Homeowners, these banks can’t afford to take your house back!

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1171 Market St Suite 213 Fort Mill, SC 29708

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