Share 'Does The Amount A House is Underwater Matter in Menlo Park Short Sales'
As a Menlo Park Short Sale Agent I get asked this a lot. My answer is a definitive sort of, especially if it is a Chase short sale.
Here is how it may make a difference.
Some homeowners owe more on their homes than the home is worth, the definition of being underwater. The home is not going to sell for what it is worth, it will sell at or around market value. The bank generally understands that.…
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