For the lender, there are a lot of advantages to getting the property sold, even at a discount, while the borrower is still in the home:

1. The costs of maintenance is taken care of by the borrower.

2. The property is already listed with a Realtor

3. The lender avoids Non-Performing properties on their books

4. The lender gets their money with in 24 hours

5. Market conditions and holding cost are not affected in a short sale

6. No Attorney Fees

7. Lender normally will get the same or more than at a sheriff's auction.

8. Lenders do not want to foreclose in the market

"Disclaimer"
All the information on this short sales module is published in good faith and for general information purposes only.  There are no warranties publishers and providers of this content about the completeness, reliability and accuracy of this information.  We suggest that you contact an attorney with any legal questions and your CPA for any financial questions concerning how a short sale might affect you. Any action you take upon using the information on this module is strictly at your own risk and the publishers and providers will not be liable for any losses and damages in connection with the use of our website.  The information contained on these pages are for general information based on current research and person experiences.