(405) 414-7000 Carol
Looking 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 consents to release the mortgage for a sum less than what's due. For more information, simply contact me
through my site or e-mail me
. I'm glad to answer any questions you have about real estate short sales.
Are they good deals?
Sometimes. Often times people hear the term "short sale" and automatically think of a seller that is in default and needing to sell their home fast to prevent further financial problems. This is sometimes the case and can be an opportunity for a buyer to cash in on another's misfortune. In contrast, a lender may consider a short sale even if the seller is current, but property values have depreciated. In these instances the "bargain" price may in fact be consistent with actual market values rather than below.
How do I buy a short sale?
When it's time to buy, whether it is a short sale or a typical home sale,
Metro First Realty can help. Apply my experience and knowledge of real estate to be confident that you're getting a fair deal and protect yourself during the whole transaction.