The short answer is "sometimes". Often times people hear the phrase "short sale" and automatically think of a seller that is insolvent and needing to sell their home promptly to avoid further financial problems. This is occasionally the case and can be an opportunity for a buyer to take advantage of another's misfortune. On the other hand, a lender may consider a short sale even if the seller is current with their mortgage, but property values have depreciated. In these instances the reduced price may in fact be in line with actual market values rather than below.
What's involved in buying a short sale?
Get a real estate agent with short sale experience.
E Z Home Search Real Estate Inc. can aid you in expediting the transaction and make certain you're protected. Don't allow inexperience to hinder the closing process. Let my experience and knowledge work in your favor.
Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.