Want to make a deal on a short sale?
When a seller is upside down on their mortgage payments, they can sometimes get the lender to agree to a short sale, whereby the lender agrees to release the mortgage for an amount less than what's due.
Are short sales good deals?
From time to time, yes. Most people hear the words "short sale" and automatically think of a seller that is insolvent and needs to sell their home promptly to avoid further financial problems. This is occasionally 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 depreciated. In cases such as these the discounted price may in fact be closer to actual market values, not below.
How do I buy a short sale?
When you are ready to buy, whether it is a short sale or a typical home sale,
Remax Components can help. Apply my experience and knowledge of real estate to be confident that you are getting a fair deal and remain protected during the whole transaction.