Shortsaleopedia

What are the costs in doing a short sale?

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What are the costs in doing a short sale?

asked July 23, 2011

1 Answer

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Typically all costs associated to completing a short sale will be “netted” on the closing statement and will be paid for by the bank or lien holder.

In some instances, the bank may ask the seller to contribute cash or to sign a promissory note at the close of escrow to help offset the bank’s losses.

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