Why would a mortgage company agree to accept a Short Sale?


If the lender forecloses, they will have pay for all the costs that are involved in selling the home, such as hiring a real estate agent, maintain the home, and finding a buyer. But they will still receive only the market value of the home. By accepting a short sale, the lender does not have to take on any extra cost of having a vacate house, which gives them more profit with the same market value.