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Why would a lender consider doing a short sale?

April 26, 2017doing Lender sale short

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Why would a lender consider doing a short sale?

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Because they stand to lose a lot more money than the relieved amount vs. the overhead expense/legal costs of taking the home back in foreclosure. An exception to that is if the home has significant equity, or if the home is in a location that is has above average appreciation potential.