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How Many Short Sales in Payson Utah?

Information About How Many Short Sales in Payson Utah

We currently have 18 short sales for sale in Payson Utah. Some are approved short sales while others are not approved. Of the 18 short sales currently in Payson Utah 7 of these are under contract or sale pending with an offer in first position.

Are you looking for a short sale in Payson Utah? Would you like to know how many short sales in Payson Utah? Here is a good link to finding available short sales in Payson Utah:

 Short Sales in Payson Utah

How Many Short Sales in Payson


How to Buy a Short Sale

The number of short sales fluctuates daily. Short sales can often be very difficult to purchase. The bank often changes the original listed price even after you are under contract with the seller. The bank is trying to lose as little money as possible on the deficient loan amount. A short sale in Payson Utah will typically take between 3-6 months. Some take shorter or longer depending on the bank and the Realtor negotiating the short sale.

The seller must continue to cooperate with providing the needed documentation for the bank to approve the short sale. Some sellers just give up and don’t want to proceed with the short sale. They let the home fall into bank foreclosure. Some short sales do not procure into a closing, instead they end up in foreclosure. In my opinion, I think about 70% of the short sales close as a short sale in the long run.

 

 

 

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