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Maximizing Bank Savings: Short Sale vs. Foreclosure in Real Estate

Explore a detailed case study comparing the financial impacts of a short sale versus foreclosure for a bank. Discover how banks can save significantly more by opting for a short sale, avoiding losses and additional closing costs. Learn the advantages and cost-effectiveness of short sales over foreclosures in the real estate industry.

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Maximizing Bank Savings: Short Sale vs. Foreclosure in Real Estate

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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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