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 glad to address questions you have about real estate short sales.
Can I get a good deal on a short sale?
Sometimes. Most people hear the phrase "short sale" and automatically think of a seller that is insolvent and needs 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. More commonly, a lender may consider a short sale even if the seller is current, but property values have depreciated. In these cases the reduced price may in fact be in line with actual market values instead of below.
What's involved in buying a short sale?
When it is time to buy, whether it is a short sale or a typical home sale,
Greater R.I. Properties, LLC can help. Use my experience and knowledge of real estate to make sure that you are getting a fair deal and remain protected during the complete matter.