Want to purchase a short sale?
If a homeowner 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 a sum less than what's owed. Should you have any questions regarding real estate in Waterville, Maine, contact me here or e-mail me
Can I get a bargain on a short sale?
Occasionally. Many people hear the words "short sale" and instinctively think of a seller that is in financial trouble and needs to sell their house quickly to prevent further financial problems. This is occasionally the case and can be an opportunity for a buyer to do well from another's misfortune. On the other hand, a lender may consider a short sale even if the seller is current, but property values have fallen. In cases such as these the reduced price may in fact be consistent with actual market values instead of 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,
Coldwell Banker Plourde Real Estate is available for you. Apply my experience and knowledge of real estate to be certain that you're getting a fair deal and are protected during the whole deal.