If a seller 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 due. For more information, just contact me through my site or e-mail me. I'm happy to answer questions you have about real estate short sales.
Occasionally. Many people hear the words "short sale" and routinely think of a seller that is insolvent and needs to sell their home fast to avoid further financial problems. This is occasionally the case and can be an opportunity for a buyer to cash in on another's misfortune. On the other hand, a lender may consider a short sale even if the seller isn't delinquent with their payments, but property values have declined. In these instances the reduced price may in fact be consistent with current market values instead of below.
What's involved in buying a short sale?
If you are ready to buy, whether it is a short sale or a typical home sale, Realty Group of the Triad is available for you. Utilize my experience and knowledge of real estate to make sure you're getting a fair deal and will be protected during the full matter.
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