The short answer is "sometimes". Often times people hear the phrase "short sale" and automatically think of a seller that is in default and must sell their home fast to avoid 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 declined. In these instances the "bargain" price may in fact be in line with true market values, not below.
What's involved in buying a short sale?
Hire an agent with short sale experience.
E Z Home Search Real Estate Inc. can help expedite the transaction and make sure you're protected. Don't allow inexperience to delay the closing process. Put my experience and knowledge to work in your favor.
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