Looking to make a deal on a short sale?
When a homeowner owes more on their house than its value, 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 owed. For more information, you can contact me
through my site or e-mail me
. I'm glad to address any questions you have regarding real estate short sales.
Can I get a bargain on a short sale?
The short answer is "sometimes". Most people hear the term "short sale" and routinely think of a seller that is in trouble and needing to sell their house promptly to prevent further financial problems. This is occasionally the case and can be an opportunity for a buyer to make the most of another's misfortune. Alternatively, a lender may consider a short sale even if the seller is current, but property values have fallen. In these cases the discounted price may in fact be consistent with current market values, not below.
What's involved in buying a short sale?
When it is time to buy, whether it be a short sale or a typical home sale,
Exit Realty of Lakeland can help. Apply my experience and knowledge of real estate to be confident that you're getting a fair deal and are protected during the full deal.
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