Tagged : Short Sale process 
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The Short Sale Process Pro's and Con's
Tuesday, March 22nd, 2011 at 9:14pm. 1283 Views, 0 Comments.
A question that is being asked frequently in the St George real estate market is, “What is a short sale?” Short sales used to be an infrequent type of real estate transaction, but with current economic conditions here in St. George, more and more homeowners are opting for this type of sale, and banks have begun to offer incentives to sellers to engage in a short sale.
A short sale occurs when a homeowner elects to sell their home for less than what is owed to the mortgage holder. There are pro’s and con’s for both the homeowner and the bank in a short sale, let's take a look from both perspectives.
A Short Sale Perspective From The Bank
There are several reasons why a mortgage holder, or bank, would agree to accept less than…