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Ready 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 a house, it's called a short sale. If you have questions about real estate in Rancho Palos Verdes, California, contact me here or e-mail me
Can I get a bargain on a short sale?
Occasionally. Often times people hear the phrase "short sale" and automatically think of a seller that is insolvent and needing to sell their property fast to avert further financial problems. This is occasionally 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 fallen. In cases such as these the reduced price may in fact be in line with current market values, not below.
How do I buy a short sale?
When it is time to buy, whether it is a short sale or a typical home sale,
Excel Funding Real Estate Services, Inc. is available for you. Utilize my experience and knowledge of real estate to be confident you're getting a fair deal and protect yourself during the whole transaction.