Does It Cost The Home Owner Any Money To Do A Short Sale?

The answer to this question is: "Possibly"

There may be up-front costs incured:

1. If the listing agent collects and up-front marketing fee to cover the marketing costs and additional work necessary to faciliate a short sale. Remember...according the NAR 90% of all short sales end up in foreclosure. There is a very small chance that an agent will recover their marketing expenses on a short sale listing.

2. Some lenders charge a fee to the borrower to process the short sale.

3. Loss Mitigation may charge an upfront loss mitigation fee to the home owner or the agent if the lender or servicing company is a non-compensating company.

4. A law firm may charge between $500.00 and $2,000.00 for a Forensic Loan Audit and Legal Document review.

Please call 1-800-480-1917 or e-mail any additional questions to ZOOMLossMitigation@gmail.com.

www.ZOOMLossMitigation.com