Ready to make a deal on a short sale?
When a homeowner is upside down on their mortgage payments, it's becoming increasingly common for the lender to agree to a short sale, whereby the lender agrees to release the mortgage for an amount less than what's due. For more information, simply contact me
through my site or e-mail me
. I'm happy to answer any questions you have regarding real estate short sales.
Are short sales bargains?
Occasionally. Many people hear the term "short sale" and routinely think of a seller that is in financial trouble and must 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. In contrast, a lender may consider a short sale even if the seller is current with their mortgage, but property values have fallen. In cases such as these the discounted price may in fact be closer to actual market values rather than below.
How do I buy 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. Utilize my experience and knowledge of real estate to be confident you're getting a fair deal and remain protected during the whole purchase transaction.