Want to buy a short sale?
When a seller is upside down on their mortgage payments, it's becoming increasingly common for 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 happy 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". Often times people hear the term "short sale" and routinely think of a seller that is in financial trouble and needing to sell their property fast to prevent further financial problems. This is occasionally the case and can be an opportunity for a buyer to take advantage of another's misfortune. Alternatively, a lender may consider a short sale even if the seller is current with their mortgage, but property values have depreciated. In cases such as these the "bargain" price may in fact be closer to true market values, not below.
How do I buy a short sale?
When it is time to buy, whether it is a short sale or a typical home sale,
Weichert, Realtors - Villar and Company can help. Utilize my experience and knowledge of real estate to be confident that you are getting a fair deal and remain protected during the full deal.