New York  |  Real Estate Law

Legal Question

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

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?

1 Answer

Answered on: 2/17/12, 7:38 pm by Arnold Nager

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

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Arnold H. Nager, Esquire 79 Cliff Street Hastings On Hudson, NY 10706-2101

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