Ready to buy 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. If you have questions about real estate in Waterville, Maine, contact me here or e-mail me
Can I get a good deal on a short sale?
The short answer is "sometimes". Many people hear the phrase "short sale" and routinely think of a seller that is in default and must sell their property quickly to avert 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 with their mortgage, but property values have fallen. In these cases the discounted price may in fact be closer to current market values rather than below.
What's involved in buying a short sale?
If you're ready to buy, whether it's a short sale or a typical home sale,
Coldwell Banker Plourde Real Estate is available for you. Utilize my experience and knowledge of real estate to feel confident you are getting a fair deal and protect yourself during the full matter.