(405) 414-7000 Carol
Looking to make a deal on a short sale?
If a seller is upside down on their mortgage payments, it's becoming increasingly common for the lender to agree to a short sale, whereby the lender agrees to release the mortgage for a sum less than what's due. For more information, you can contact me
through my site or e-mail me
. I'm happy to address questions you have about real estate short sales.
Are they good deals?
Every now and then a good deal will come along. Many people hear the term "short sale" and routinely think of a seller that is in financial trouble and must sell their home fast to avoid further financial problems. This is occasionally the case and can be an opportunity for a buyer to take advantage of another's misfortune. On the other hand, a lender may consider a short sale even if the seller is current with their mortgage, but property values have declined. In these cases the discounted price may in fact be consistent with true market values, not below.
How do I buy a short sale?
If you are 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 feel confident you are getting a fair deal and will be protected during the full matter.