Want to purchase a short sale?
When a lender and a homeowner agree to release a mortgage for an amount less than what's owed on the property, it's called a short sale. For more information, you can contact me
through my site or e-mail me
. I'm happy to address questions you have regarding real estate short sales.
Are short sales good deals?
Sometimes. Most people hear the phrase "short sale" and routinely think of a seller that is in financial trouble and must sell their house fast to avert further financial problems. This is sometimes 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 isn't delinquent with their payments, but property values have depreciated. In cases such as these the discounted price may in fact be closer to actual market values rather than below.
What's involved in buying a short sale?
When you are ready to buy, whether it be a short sale or a typical home sale,
Century 21 Judge Fite Company can help you. Apply my experience and knowledge of real estate to be confident that you are getting a fair deal and protect yourself during the full purchase transaction.