Looking to buy a short sale?
When a lender and a homeowner agree to release a mortgage for an amount less than what's owed on the property, it's called a short sale. For more information, you can contact me
through my site or e-mail me
. I'm happy to address questions you have about real estate short sales.
Can I get a bargain on a short sale?
Sometimes. Many people hear the term "short sale" and routinely think of a seller that is in default and needing to sell their property fast 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. On the other hand, a lender may consider a short sale even if the seller is current with their mortgage, but property values have fallen. In cases such as these the "bargain" price may in fact be consistent with actual market values, not below.
Are you ready to buy a short sale property?
When you are ready to buy, whether it be a short sale or a typical home sale,
Coldwell Banker Plourde Real Estate can help. Apply my experience and knowledge of real estate to be certain you're getting a fair deal and remain protected during the complete matter.