The short answer is "sometimes". Many people hear the words "short sale" and instinctively think of a seller that is in default and needs to sell their property quickly to prevent further financial problems. This is at times the case and can be an opportunity for a buyer to do well from another's misfortune. Alternatively, a lender may consider a short sale even if the seller is current, but property values have depreciated. In these cases the discounted price may in fact be closer to true market values, not below.
What's involved in buying a short sale?
Use a real estate professional with short sale expertise.
Fred Thorne Realty LLC can aid you in expediting the transaction and make certain you're protected. Don't let inexperience impede the closing process. Let my experience and knowledge work for you.
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