Looking to buy a short sale?
When a lender and a seller agree to release a mortgage for an amount less than what's owed on a house, it's called a short sale.
Can I get a bargain on a short sale?
The short answer is "sometimes". Many people hear the term "short sale" and instinctively think of a seller that is in trouble and needing to sell their property quickly to prevent further financial problems. This is occasionally 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, but property values have depreciated. In these instances the discounted price may in fact be in line with current market values, not below.
What's involved in buying a short sale?
If you are ready to buy, whether it's a short sale or a typical home sale,
Unicasa International USA Realty can help you. Apply my experience and knowledge of real estate to make sure you're getting a fair deal and protect yourself during the full matter.
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