Want to buy a short sale?
If a homeowner is upside down on their mortgage payments, they can sometimes get the lender to agree to a short sale, whereby the lender agrees to release the mortgage for an amount less than what's owed. For more information, simply contact me
through my site or e-mail me
. I'm glad to answer questions you have regarding real estate short sales.
Can I get a bargain on a short sale?
From time to time, yes. Often times people hear the term "short sale" and automatically think of a seller that is in financial trouble and needing to sell their property fast to prevent further financial problems. This is sometimes the case and can be an opportunity for a buyer to take advantage of another's misfortune. In contrast, a lender may consider a short sale even if the seller isn't delinquent with their payments, but property values have depreciated. In these cases the discounted price may in fact be in line with current market values rather than below.
Are you ready to buy a short sale property?
If you're ready to buy, whether it is a short sale or a typical home sale,
Century 21 Judge Fite Company can help. Utilize my experience and knowledge of real estate to make sure that you're getting a fair deal and remain protected during the entire transaction.