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How Low Will The Lender Go?

Let's take a look at the formula that most lenders use. 
This formula will give you a good idea of what your offer should be:

 

Let's take the current market value and reduce it by 10% for the Short Sale Stigma

Now the lenders are looking for a minimum offer somewhere between 82%-88% of that amount

That means that an offer of 74%-80% of current market value should get you close to what the lender is looking for

Remember the lender is actually not the owner of the loan, they are the servicing company for the loan.

We actually don't have a crystal ball to tell us how low they will go, but this is a pretty good estimate

The agent you use, if they are trained by Dick Sells, will know the different lenders formula

"Disclaimer"
All the information on this short sales module is published in good faith and for general information purposes only.  There are no warranties publishers and providers of this content about the completeness, reliability and accuracy of this information.  We suggest that you contact an attorney with any legal questions and your CPA for any financial questions concerning how a short sale might affect you. Any action you take upon using the information on this module is strictly at your own risk and the publishers and providers will not be liable for any losses and damages in connection with the use of our website.  The information contained on these pages are for general information based on current research and person experiences.