Is it true lenders want to “Dump” their foreclosure properties quickly?
No – This is another foreclosure exaggeration. First and foremost, lenders are professional investors. As investors, they want to minimize their losses by recovering the maximum amount possible from the foreclosure property. Since they already own it, they can generally afford to wait until a reasonable & acceptable offer is received.
Related Questions
- What are basic pre-foreclosure considerations for lenders and foreclosure practitioners when a foreclosure action is eminent?
- Why is the HUD Housing Counseling Program valuable to lenders with customers facing foreclosure?
- How do I access information on preforeclosure, foreclosure and short sale properties for sale?
