Scenario is a bank bid $91,000 on a home they foreclosed on. That was the amount owed on the mortgage. The owner is listed as a bank in the New York area. We might like to buy this home through a short sale. We contacted the bank and the owner by mail about a short sale. The place is in fair to good shape and no way they can eventually list it and get what they were owed. Our buyers agent will attempt to contact them about a short sale. Why would the bank not be interested in a short sale? Why would the owner who has been foreclosed on not desire a short sale as a solution?
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