What to offer the bank on a short sale depends largely on the real estate market where the house is. Different rules of thumb work in different real estate markets.
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There are many reasons why banks short sale. Many people often wonder why banks would do short sale and let the homeowner off the hook scott free.
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Believe it or not, we are often asked 'will bank let me do a short sale?' The point, though, is not whether banks will let you do a short sale on their mortgages.
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