Are lenders making money on short sales and foreclosures?

We report – you decide…

Banks may make more (up to 30% more) on short sales than foreclosures.

Everybody but the seller profits from a short sale – even the bank that saves  the costs of foreclosure wins.  But let’s not forget the seller who wins by avoiding foreclosure and until 12-31-13, doesn’t pay Federal Income Taxes on the debt forgiven.  Source:


This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply