Looking to make a deal on a short sale?
If a seller is upside down on their mortgage payments, they can sometimes get the lender to agree to a short sale, whereby the lender consents to release the mortgage for a sum less than what's due.
Can I get a good deal on a short sale?
Every now and then a good deal will come along. Often times people hear the phrase "short sale" and instinctively think of a seller that is in default and needs to sell their home fast to avoid further financial problems. This is sometimes the case and can be an opportunity for a buyer to make the most of another's misfortune. Alternatively, a lender may consider a short sale even if the seller is current with their mortgage, but property values have declined. In these instances the reduced price may in fact be closer to actual market values instead of below.
What's involved in buying a short sale?
When it's time to buy, whether it be a short sale or a typical home sale,
Mia Howe is here to help. Use my experience and knowledge of real estate to be confident you're getting a fair deal and remain protected during the entire matter.