Asheville Real Estate Short Sale

Asheville real estate short sale is when the lender agrees to allow the sale of the home for less than the oustanding balance owing. The Asheville lender will consider the Short Sale method because it might end up being quicker, less expensive and a smaller financial loss for the lender than going through the foreclosure route. Many things take place with the decision to allow a short sale, such as the current and predicted future of the Asheville real estate market, how much is owing, financial situation of the homeowner, equity, brokers price opinion etc..

The entire Short Sale process is handled through the bank loss mitigation department. During the short sale period the lender has the right to accept any offer, counter-offer or reject any offer. If an Asheville real estate short sale occurs and closes all proceeds go to the lender, at this point the lender might call the debt paid in full or might not, it would probably be on a case by case basis. 

Click on one of the links below to view a quick summary:

 Foreclosure • Short Sale • Bank Owned 

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