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what is the difference between bank owned, short sale & forclosure?
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what is the difference between bank owned, short sale & forclosure?# Living
y*a
1
Thanks!
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p*s
2
bank owned means the owner defaulted on the mortgage and the bank takes it
back. forclosed should be the same.
short sale mean what the owner asks for is lower than what he owes the bank.
is it right?
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b*d
3
Yes, you are right.

bank.

【在 p*******s 的大作中提到】
: bank owned means the owner defaulted on the mortgage and the bank takes it
: back. forclosed should be the same.
: short sale mean what the owner asks for is lower than what he owes the bank.
: is it right?

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l*i
4
我们这面short sale 的房子比foreclosure 的房子要便宜。foreclosure 后银行修补
打扫一下按市场定价,而short sale 因为房主急着卖,比市场价低10%-15%

【在 y****a 的大作中提到】
: Thanks!
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n*9
5
for short sale, it's the lien holder who calls the shot, not the seller.

【在 l****i 的大作中提到】
: 我们这面short sale 的房子比foreclosure 的房子要便宜。foreclosure 后银行修补
: 打扫一下按市场定价,而short sale 因为房主急着卖,比市场价低10%-15%

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c*r
6
lenders have to agree to the price. Most of Americans have at least 2 loans
and short sale is pain in the ass when there is a 2nd lien holder involved.
The advantage is these properties are kept in much better conditions. A lot
of REO's are wrecked before the previous owners were kicked out.

【在 l****i 的大作中提到】
: 我们这面short sale 的房子比foreclosure 的房子要便宜。foreclosure 后银行修补
: 打扫一下按市场定价,而short sale 因为房主急着卖,比市场价低10%-15%

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