Looking to make a deal on a short sale?
When a homeowner is upside down on their mortgage payments, it's becoming increasingly common for the lender to agree to a short sale, whereby the lender consents to release the mortgage for an amount less than what's owed.
Are short sales good deals?
The short answer is "sometimes". Often times people hear the term "short sale" and automatically think of a seller that is in financial trouble and needing to sell their house promptly to avoid further financial problems. This is at times the case and can be an opportunity for a buyer to do well from 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 fallen. In cases such as these the discounted price may in fact be in line with actual market values, not below.
What's involved in buying a short sale?
When it's time to buy, whether it is a short sale or a typical home sale,
Southdale Properties, Inc. can help you. Apply my experience and knowledge of real estate to be confident you are getting a fair deal and are protected during the whole process.