Looking to purchase a short sale?
When a lender and a seller agree to release a mortgage for an amount less than what's owed on a house, it's called a short sale.
Are short sales bargains?
Occasionally. Many people hear the term "short sale" and routinely think of a seller that is in financial trouble and needing to sell their house fast to prevent further financial problems. This is at times the case and can be an opportunity for a buyer to make the most of another's misfortune. Alternatively, a lender may consider a short sale even if the seller is current, but property values have depreciated. In cases such as these the "bargain" price may in fact be consistent with true market values, not 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 is available for you. Use my experience and knowledge of real estate to be certain you're getting a fair deal and protect yourself during the whole transaction.