Posts Tagged ‘mortgage lenders deny short sales’

Why would banks not allow short sales?

What is in it for a bank to not allow a short sale?

I know several people whose banks will not allow them to do a short sale instead of being foreclosed upon. Is there something in it for the banks (tax write-offs?) that makes it more beneficial for them to deny short sales?
Some of the people have had a buyer ready to buy if they were allowed a short sale too.