Want to purchase a short sale?
When a seller is upside down on their mortgage payments, they can sometimes get the lender to agree to a short sale, whereby the lender consents to release the mortgage for an amount less than what's due.
Can I get a good deal on a short sale?
Occasionally. Many people hear the term "short sale" and automatically think of a seller that is in default and must sell their house promptly to avoid further financial problems. This is at times the case and can be an opportunity for a buyer to do well from another's misfortune. Alternatively, a lender may consider a short sale even if the seller isn't delinquent with their payments, but property values have declined. In these instances the "bargain" price may in fact be consistent with actual market values, not below.
Are you ready to buy a short sale property?
When it's time to buy, whether it is a short sale or a typical home sale,
Coldwell Banker Plourde Real Estate is here to help. Use my experience and knowledge of real estate to make sure you are getting a fair deal and remain protected during the whole deal.