Sometimes. Most people hear the phrase "short sale" and routinely think of a seller that is in default and needs to sell their property quickly to avert 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 declined. In cases such as these the discounted price may in fact be in line with current market values rather than below.
What's involved in buying a short sale?
Use a real estate professional with short sale experience.
Fred Thorne Realty LLC can help expedite the transaction and make certain you're protected. Don't allow inexperience to delay the closing process. Let my experience and knowledge work in your favor.
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