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Why Do Banks Short Sale?                     Call : 775-525-1205                      www.renohelp.org
A Lender or bank takes a discount or agrees a short sale because itsaves them money.It gets bad debt off their books so th...
On average a Lender loses between $30,000 to $80,000 on eachproperty that they take back as a bank owned property.        ...
• In many cases a short sale is necessary in order to get you out from under your mortgage debt.• By doing a short sale, y...
Also, here are the most common reasons banks will agree to a shortsale:1 The mortgage is in arrears or foreclosure2 The pr...
6 The banks shareholders are concerned when there are too many   defaulting loans on the books7 Some banks are required to...
• As you can see, the homeowner actually has the advantage when it  comes to a short sale.• The banks would rather deal wi...
Contact MARSHALL CARRASCO                            Twitter                            Facebook                          ...
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Why Do Banks Short Sale? - Marshall Carrasco Reno, NV Short Sale Expert

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Marshall Carrasco Reno's #1 Short Sell Expert www.renohelp.org.
A Lender or bank takes a discount or agrees a short sale because it saves them money.

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Why Do Banks Short Sale? - Marshall Carrasco Reno, NV Short Sale Expert

  1. 1. Why Do Banks Short Sale? Call : 775-525-1205 www.renohelp.org
  2. 2. A Lender or bank takes a discount or agrees a short sale because itsaves them money.It gets bad debt off their books so they can reinvest that money by givingout another loan to a customer. Call : 775-525-1205 www.renohelp.org
  3. 3. On average a Lender loses between $30,000 to $80,000 on eachproperty that they take back as a bank owned property. Call : 775-525-1205 www.renohelp.org
  4. 4. • In many cases a short sale is necessary in order to get you out from under your mortgage debt.• By doing a short sale, you will be able to take a large bite out of the money you owe to your mortgage company, so that you are no longer liable for the entire amount. Call : 775-525-1205 www.renohelp.org
  5. 5. Also, here are the most common reasons banks will agree to a shortsale:1 The mortgage is in arrears or foreclosure2 The property is in poor condition3 The homeowner has hardships and cannot afford the payments4 New homes in the area are being chosen over existing homes5 The area or neighborhood has depreciated in value Call : 775-525-1205 www.renohelp.org
  6. 6. 6 The banks shareholders are concerned when there are too many defaulting loans on the books7 Some banks are required to prove a loss each month. Lets help them out!8 Some banks are required to have an amount equal to or up to six times the retail value of each REO "on hand" - Ouch, that hurts!9 An REO is a liability, not asset. Too many liabilities will cause any business to go under if not dealt with quickly. Call : 775-525-1205 www.renohelp.org
  7. 7. • As you can see, the homeowner actually has the advantage when it comes to a short sale.• The banks would rather deal with the hassle of the long short sale process than taking a foreclose hit. Call : 775-525-1205 www.renohelp.org
  8. 8. Contact MARSHALL CARRASCO Twitter Facebook LinkedIn Email 9740 S. McCarran Blvd #103, Reno, NV 89523 Call Us : 775-525-1205 www.renohelp.org

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