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Rosemary Roos-Whitney
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410-917-1991
rosemarysellshomes@
gmail.com
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Buyers Info
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Why do Banks Participate in Short Sales?

  • Banks participate in short sales to help homeowners and themselves prevent foreclosures.
  • Banks cooperate to avoid the costs associated with foreclosing, and thus the managing and reselling of REO (Real Estate Owned) assets.
  • Compared to foreclosures, short sales are less costly, less time-consuming and more likely to see completion.
  • The over supply of foreclosure properties is a financial burden against the banks. Banks cannot afford to take back all of the foreclosed homes.
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What are Some of the Benefits from a Short Sale?

The Seller, Homeowner: The seller avoids the credit disaster of losing a home to foreclosure. It's viewed as the "responsible choice".

The Lender:
By completing the short sale, the lender reduces the actual loss and eliminates the exposure to risk that goes with acquiring a property through foreclosure.

The Buyer:
The buyer that hangs in through the short sale process can get a property at a below market price.
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If you feel you are in a situation where you need to Short Sale your home, please Call or Text me at 410-917-1991 or e-mail me at rosemarysellshomes@gmail.com. I will provide you with a free, confidential and no obligation evaluation of your home.
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