The short answer is "sometimes". Often times people hear the phrase "short sale" and instinctively think of a seller that is in default and needs to sell their property promptly to avoid further financial problems. This is sometimes the case and can be an opportunity for a buyer to do well from 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 fallen. In these cases the reduced price may in fact be consistent with current market values rather than below.
What's involved in buying a short sale?
Hire an agent with short sale experience.
E Z Home Search Real Estate Inc. can aid you in expediting the transaction and make sure you're protected. Don't permit inexperience to delay the closing process. Put my experience and knowledge to work in your favor.
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