Want to purchase a short sale?
When a lender and a seller agree to release a mortgage for an amount less than what's owed on a house, it's called a short sale.
Are short sales good deals?
The short answer is "sometimes". Many people hear the term "short sale" and automatically think of a seller that is in trouble and must sell their home fast to avert further financial problems. This is at times the case and can be an opportunity for a buyer to cash in on another's misfortune. In contrast, a lender may consider a short sale even if the seller is current, but property values have depreciated. In these instances the reduced price may in fact be in line with true market values, not below.
How do I buy a short sale?
When it is time to buy, whether it be a short sale or a typical home sale,
Remax Components can help. Use my experience and knowledge of real estate to be confident you are getting a fair deal and protect yourself during the full purchase transaction.