Will a Massachusetts bank approve a short sale and why? Episode 4 of “2nd Marriage Estate Planing” continues to answer our viewers short sale and debt question. Will my new spouse now be responsible for my debt?
Why would a bank want a short sale?
Answer: So that they do not have to go through the foreclosure process as well. They will not have to carry the debt on their books and there may be a government insurance protecting them from losses. Ultimately, it will no longer be their problem.
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