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Saving Money: Short Sale vs. Foreclosure Case Study

Learn how a bank could save money by opting for a short sale instead of foreclosure, analyzing a real case study. Discover how the bank can potentially save triple the amount through a short sale process.

lesley-zimmerman
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Saving Money: Short Sale vs. Foreclosure Case Study

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  1. Below is an actual case study of a short sale compared to the bank foreclosing and taking the property back as an REO. Notice, the bank loses $12,080 if they go ahead and foreclose on the property – and that doesn’t include the additional $8,775 in closing costs they will likely pay before they are done. In this case, the bank could save almost three times as much if they allow a short sale.

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