Bank REO Versus Short Sale Mortgage Calculator
 
 
   
Home Mortgage Calculator   Mortgage Calculators
     
Short sales are properties in danger of foreclosure that mortgage lenders or banks allow debtors time to sell for less than what they owe. The seller’s lender will generally agree to accept a payoff of less than the balance due on the loan.

Real Estate Owned (REO) properties are bank or mortgage company properties that have gone through foreclosure or have been aquired some other way. REO properties are typically sold in its "As-Is" condition.

Every transaction is different, and involves a lengthy process of negotiation along with a lot of patience. REO & Short Sale property normally require some costs like: unpaid property taxes, agent and lender commissions, legal fees, cleanup and other costs, as well as repair and cosmetic costs. See: Short Sale and Rehab Cost Calculator