Looking to purchase a short sale?
If 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 due. If you have questions regarding real estate in North Kingstown, Rhode Island, contact me here or e-mail me
Are short sales bargains?
Every now and then a good deal will come along. Often times people hear the phrase "short sale" and instinctively think of a seller that is insolvent and needing to sell their house promptly to avert 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. In contrast, a lender may consider a short sale even if the seller isn't delinquent with their payments, but property values have fallen. In these cases the discounted 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's a short sale or a typical home sale,
Greater R.I. Properties, LLC can help you. Apply my experience and knowledge of real estate to be certain that you're getting a fair deal and remain protected during the entire process.