Top 12 Reasons for Short Sales

 

Ú     Sellers with health / illness issues

Ú     Death

Ú     Mortgage or ARM rate increases

Ú     Victims of predatory lending

Ú     Divorce/Separation

Ú     Multiple mortgages

Ú     Job loss/transfer

Ú     Business failure

Ú     Sellers with two house payments

Ú     Distressed Sellers – can’t sell for what they owe

Ú     Declining market

Ú     Pre-foreclosure