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Ready to make a deal on a short sale?
A short sale is when the homeowner's lender agrees to receive a reduced amount to release a mortgage. For more information, simply contact me
through my site or e-mail me
. I'm glad to answer questions you have about real estate short sales.
Can I get a bargain on a short sale?
Occasionally. Many people hear the term "short sale" and automatically think of a seller that is in financial trouble and must sell their home promptly to avoid further financial problems. This is at times the case and can be an opportunity for a buyer to make the most of 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 fallen. In these cases the "bargain" price may in fact be consistent with actual market values instead of below.
What's involved in buying a short sale?
If you're ready to buy, whether it's a short sale or a typical home sale,
Metro First Realty can help. Use my experience and knowledge of real estate to be confident you are getting a fair deal and protect yourself during the full deal.