Ready to purchase a short sale?
If a homeowner 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.
Are short sales good deals?
The short answer is "sometimes". Most people hear the words "short sale" and instinctively think of a seller that is in default and must sell their home fast to avoid further financial problems. This is at times the case and can be an opportunity for a buyer to cash in on another's misfortune. More commonly, a lender may consider a short sale even if the seller is current with their mortgage, but property values have declined. In these instances the "bargain" price may in fact be in line with true market values, not below.
How do I buy a short sale?
When you're ready to buy, whether it be a short sale or a typical home sale,
Unicasa International USA Realty can help. Apply my experience and knowledge of real estate to feel confident that you're getting a fair deal and will be protected during the complete transaction.
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