Roughly 15-20% of the Chicago Real Estate Market would be classified as a short sale. This is when a home owner owes more than what their home is worth, (usually behind on payments ) and is asking their bank permission from their bank to pay less than what is owed on the mortgage. According to MLS data from Oct. 2011 short sales sold for 77.3% of market value where as traditional sales and Bank Foreclosures sold for 92.1% & 88.6% respectively. So how does the average home buyer go about taking advantage of this deep discount.
ไม่มีความคิดเห็น:
แสดงความคิดเห็น