Does anyone has excel calculation sheet to compare foreclosure vs. short sale which one will net the lender more money? I have heard that many many times from the negotiators. They have a formula to calculate either short sale or foreclosure will give them more money. If foreclosure will give them more money they will deny the short sale ( because they will get paid from the MI). If short sale generate them more money they will approve the short sale. where can I get the calculation comparison between foreclosure vs short sale? I know each bank is different but don't they have a general guideline ?
Any thought? Thank you.