Legal Question in Real Estate Law in New York

If a person is losing their home and their bank wants them to do a short sale, does the bank tell us what we have to put as the listing price, or can we decide that?

Asked on 2/09/12, 7:08 am

1 Answer from Attorneys

Arnold Nager Arnold H. Nager, Esquire

Since the bank is giving up some of their money, they get to set the price.

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Answered on 2/17/12, 7:38 pm

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