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The Moldy HouseDESCRIPTION
Thursday, December 9, 2010. Short Sale or Foreclosure. The way a short sale works is that you price the house at fair market value. If you get an offer, then the offer is presented to the bank and they hire an appraiser to determine what they think the house is worth. If the contract price is close meaning within about 10,000 to the banks appraisal, then the bank will approve the sale. Im not holding my breath. 8220;Stop being programmed by the banker to pay him rather than be safe, healthy and free!CONTENT
This web page themoldyhouse.blogspot.com states the following, "Thursday, December 9, 2010." We saw that the webpage said " The way a short sale works is that you price the house at fair market value." It also said " If you get an offer, then the offer is presented to the bank and they hire an appraiser to determine what they think the house is worth. If the contract price is close meaning within about 10,000 to the banks appraisal, then the bank will approve the sale. Im not holding my breath. 8220;Stop being programmed by the banker to pay him rather than be safe, healthy and free!."