Archive for the ‘Broker Price Opinion’ Category

Why Will A Lender Allow You To Fulfill A Short Sale

Thursday, May 17th, 2012

Hello everybody Gregg Maul here with Long Realty of Tucson, your Tucson area short sale specialist, thanks for taking a minute to take a look at my weblog today. I’m dedicated to helping Tucson area homeowners avoid foreclosure and I use my blog to offer worthwhile data on the real estate market. If you’re behind on your mortgage, or already considering a short sale, please take a minute to visit my web site or contact me directly to discuss your options.

For my weblog at present I wanted to discuss a typical question that homowners ask me. The concept of a finishing a short sale remains to be reasonably new to the Tucson area and a lot of people I meet with want to know why a bank allows someone to complete a short sale. A bank will complete a short sale when it makes financial sense for them. After all which means it’s our duty to point out your financial institution {that a} short sale is in their best interest. Whether you’ve lost your job, fallen ill, or must relocate soon your bank will allow a short sale in order to avoid losing cash by means of foreclosure. Usually in Tucson a financial institution will complete a BPO on your property which stands for broker price opinion. In a BPO the bank will send somebody out to your property with a purpose to resolve what they perceive the worth of your own home to be. This value will likely be roughly what the bank hopes the home sells for so as to satisfy the investor on your mortgage note.

While it is finally up to your bank, a very good short sale agent will help ensure an approval from your financial institution on a short sale file. If you’re considering a short sale please visit my website or give me a call right now to discuss all your real estate options. Thank you to your time in the present day and I look forward to hearing from you soon.

For more information on short sales and how to avoid foreclosure, or you can also to see a short sale is right for you. Get started today.

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