How much is a bank willing to write off in order to sell real estate instead of letting it go to foreclosure?

Question:

Answer:
They will typically take no less than 90% of the market value of the home in a short sale.

The market value is what others houses are selling for in your area that are comparable in size and condition.

Here is some information on a short sale:
http://www.afscanhelp.com/short.cfm...

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About 5%, but that depends on the cost of the home, it would be closer to 1-2% for high end homes.

The seller has to obtain permission to short sale prior to an offer. They give you an exact amount then.

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SELL IT FOR TAX PERPOSES ,NO PROVET

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