is the minus equality in the preforeclosure status w...

Submitted by optum12 from CA - 06/18/2009 - 6:37am

is the minus equity in the preforeclosure status worth going after a listing? how much of a minus is worth going after

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Submitted by Sean - 07/01/2009 - 10:18pm

Yes, many lenders will accept short sales (a sale where there is not sufficient equity to pay off the loan in full). It is less about the percentage than it is the particular lender, and whether there or not there is more than one loan. Look for lenders that easy to work with (see our short sale report for a list), and properties with only one loan. ForeclosureRadar makes it easy to search for preforeclosures with only one open loan with a particular lender so that you can work smart rather than hard.

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