Looking to buy a short sale?
If a homeowner owes more on their home than its value, 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, just contact me
through my site or e-mail me
. I'm happy to answer questions you have about real estate short sales.
Can I get a good deal on a short sale?
Sometimes. Often times people hear the term "short sale" and instinctively think of a seller that is insolvent and needs to sell their house promptly to avert further financial problems. This is sometimes the case and can be an opportunity for a buyer to make the most of another's misfortune. More commonly, a lender may consider a short sale even if the seller is current, but property values have fallen. In cases such as these the reduced price may in fact be consistent with true market values rather than below.
Are you ready to buy a short sale property?
When it's time to buy, whether it be a short sale or a typical home sale,
Greater R.I. Properties, LLC can help. Use my experience and knowledge of real estate to be certain that you're getting a fair deal and will be protected during the full purchase transaction.