Short Sale help
Posted by Jom on June 30, 2003 at 11:02:41:
I'm putting together documentation for presenting a short sale to a finance company. What expenses do they typically see as legitimate during their holding period?
So far I have estimated their expenses for:
Legal fees, taxes and insurance, their emploee's time to deal with foreclosure and sale, Their holding costs due to loss of income from interest, realtor fees and Closing costs. The property doesn't need repairs so I can't include those.
Any suggestions on what else I can include that they will see as legitimate expenses? I'm real close to having the numbers I need, but could really use more.
Thanks in advance.
Jom
