Logically, the sweet spot on price should be where the buyer is getting a home at a little under market value (to make up for the hassle of a short sale) but where the bank is still netting more than they would if they foreclosed. In that case, all parties are benefited by the short sale arrangement.

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Part of our job as agents is to inform our clients about the legal ramifications of certain courses of action. Real estate can be a very tricky transaction legally, which is one of the reasons that people often choose to hire representation.

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