MH short sales - Posted by firefox

Posted by John Smith, IV on October 09, 2003 at 10:30:07:

Why would anyone short sell a loan that is being paid and take a loss?

MH short sales - Posted by firefox

Posted by firefox on October 08, 2003 at 17:16:58:

Will banks short sale on performing mobiles? If the owner is upside-down the bank is going to lose money anyway if they decide to walk, so why not do it now and save the cost of a foreclosure? Then again, banks may not be that reasonable or rational. I know banks almost never short performing SFH loans, but that’s a totally different market.

Also, how does the final purchase price on an MH short sale compare to just buying them as repos later?