How Much Does a Short Sale Cost?

A short sale costs the seller nothing – the lender pays all commissions, escrow/title fees, and closing costs. The lender may also pay any outstanding property taxes. In some cases, the lender will ask for a financial contribution in return for lien release and full forgiveness of the debt, however, each short sale situation varies. Also, income tax liens and outstanding HOA liens are not commonly covered by the lender.