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Ready 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.
Can I get a bargain on a short sale?
From time to time, yes. Many people hear the phrase "short sale" and instinctively think of a seller that is insolvent and must sell their property quickly to prevent further financial problems. This is sometimes the case and can be an opportunity for a buyer to cash in on another's misfortune. Alternatively, a lender may consider a short sale even if the seller isn't delinquent with their payments, but property values have fallen. In these instances the discounted price may in fact be closer to true market values, not below.
What's involved in buying a short sale?
If you're ready to buy, whether it is a short sale or a typical home sale,
Excel Funding Real Estate Services, Inc. is available for you. Apply my experience and knowledge of real estate to make sure that you are getting a fair deal and are protected during the whole deal.