Looking to purchase a short sale?
When a homeowner owes more on their home 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 due. For more information, you can contact me
through my site or e-mail me
. I'm happy to answer questions you have regarding real estate short sales.
Are they good deals?
Occasionally. Often times people hear the term "short sale" and automatically think of a seller that is in financial trouble and needs to sell their house promptly to prevent further financial problems. This is occasionally the case and can be an opportunity for a buyer to make the most of another's misfortune. On the other hand, a lender may consider a short sale even if the seller is current with their mortgage, but property values have declined. In cases such as these the reduced price may in fact be in line with current market values, not below.
What's involved in buying a short sale?
If you're ready to buy, whether it is a short sale or a typical home sale,
Coast to Coast Property Brokers can help. Apply my experience and knowledge of real estate to be certain that you are getting a fair deal and remain protected during the complete deal.