03-07-2009, 10:09 AM
I won't pretend to know anything about this, but I'm looking through the real estate listings and see several properties in "short sales". I looked it up in Wikipedia and understand that the bank is allowing the sale of the property below the value of the loan. The upside for the bank is that they minimize their loss instead of going into foreclosure.
What's the downside for a buyer?
Aloha pumehana,
Brian and Mary
Lynnwood, WA\Discovery Harbour
What's the downside for a buyer?
Aloha pumehana,
Brian and Mary
Lynnwood, WA\Discovery Harbour
Aloha pumehana,
Brian and Mary
Lynnwood, WA\Discovery Harbour
Brian and Mary
Lynnwood, WA\Discovery Harbour