Want to buy a short sale?
If a seller owes more on their house than its value, it's becoming increasingly common for the lender to agree to a short sale, whereby the lender agrees to release the mortgage for a sum less than what's owed. For more information, you can contact me
through my site or e-mail me
. I'm happy to address any questions you have regarding real estate short sales.
Can I get a bargain on a short sale?
The short answer is "sometimes". Often times people hear the term "short sale" and routinely think of a seller that is insolvent and needs to sell their house fast to avoid further financial problems. This is occasionally the case and can be an opportunity for a buyer to do well from another's misfortune. More commonly, a lender may consider a short sale even if the seller is current with their mortgage, but property values have fallen. In these instances the discounted price may in fact be consistent with true market values, not below.
Are you ready to buy a short sale property?
If you are ready to buy, whether it's a short sale or a typical home sale,
Go! Real Estate, Inc. is here to help. Apply my experience and knowledge of real estate to be certain that you're getting a fair deal and will be protected during the entire matter.