5 Factors that Bank will Consider when Reviewing a Short Sale in New Jersey

5 Factors that Bank will Consider when Reviewing a Short Sale In New Jersey

In this video, I’ll  go over the 5 factors that bank will consider when reviewing a short sale in New Jersey.  These are as follows:

  1. How much liquid cash you have in your bank account.
  2. How much do you earn compared to your expenses (Income-to-debt ratio)
  3. How much do you earn as income.
  4. If you are current on your mortgage.
  5. The likelihood that the homeowner will default.

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