Looking to purchase a short sale?
When a lender and a homeowner 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?
Sometimes. Most people hear the term "short sale" and automatically think of a seller that is in financial trouble and needs to sell their house fast to avoid further financial problems. This is at times the case and can be an opportunity for a buyer to cash in on 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 fallen. In these cases the "bargain" price may in fact be in line with actual market values instead of below.
Are you ready to buy a short sale property?
If you're ready to buy, whether it is a short sale or a typical home sale,
J. Briann Realty Group, Inc. is here to help. Utilize my experience and knowledge of real estate to feel confident that you're getting a fair deal and protect yourself during the whole matter.
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