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Who Pays For The Bank To Approve My Short Sale In Arizona?

by Charlie Allred

DO NOT PAY ANYONE to Short Sell your home!  There are tons of scammers out there collecting “upfront” costs and running off with your money.

The 2nd part of this answer is, you may have to pay your lender something to complete the short sale.  In many cases the Mortgage companies will ask for some cash at closing.  Generally this happens if you have Mortgage Insurance, meaning you didn’t put any money down on your home.  Most of our homeowners don’t have to pay at the closing, however, some have decided to pay their Mortgage Company because the small amount of money paid is much worth the relief of them being done with the house.

Posted in: Arizona Short Sale FAQ's

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