From time to time, yes. Often times people hear the term "short sale" and routinely think of a seller that is in trouble and must sell their property quickly to avert further financial problems. This is sometimes the case and can be an opportunity for a buyer to cash in on another's misfortune. More commonly, a lender may consider a short sale even if the seller is current with their mortgage, but property values have depreciated. In cases such as these the "bargain" price may in fact be consistent with true market values rather than below.
How do I buy a short sale?
Hire an agent with short sale knowledge.
E Z Home Search Real Estate Inc. can aid you in expediting the transaction and make sure you're protected. Don't let inexperience hinder the closing process. Put my experience and knowledge to work in your favor.
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