foreclosure short sale

Many Philadelphia homeowners are wondering why a bank would do a Philadelphia short sale. Many people assume that banks would prefer to foreclose on your home. However, that is simply not true. Banks do not want to own real estate. They are in the lending business, not the home owning business. Hence, they do everything possible to avoid owning the home. Once the bank owns the home they are responsible for insuring it, maintaining it, and keeping it from being damaged.

Foreclosed homes also generally sell for less money than Philadelphia short sales. That is why banks are generally anxious to help with a short sale. The process isn’t easy though. The bank has stringent guidelines about who qualifies for a short sale and they are also very strict about the offers that they will accept. There is a process for evaluating each offer and that is where we come in to the picture.

We do our best to sell the home for as much money as possible. Then we submit the offer to the bank and negotiate with them to accept the offer. The best part is, our services are free to you. The bank pays us directly.