Looking to buy a short sale?
When a lender and a seller agree to release a mortgage for an amount less than what's owed on the property, it's called a short sale.
Are they good deals?
Every now and then a good deal will come along. Many people hear the words "short sale" and automatically think of a seller that is in default and needing to sell their property promptly to prevent further financial problems. This is at times the case and can be an opportunity for a buyer to make the most of another's misfortune. On the other hand, a lender may consider a short sale even if the seller is current, but property values have declined. In cases such as these the discounted price may in fact be consistent with current market values, not below.
How do I buy a short sale?
When you're ready to buy, whether it be a short sale or a typical home sale,
Southern Homes of the Carolinas is here to help. Utilize my experience and knowledge of real estate to feel confident that you are getting a fair deal and remain protected during the whole transaction.
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