Want to make a deal on a short sale?
A short sale is when the homeowner's lender agrees to collect a reduced sum to release a mortgage. For more information, just contact me
through my site or e-mail me
. I'm glad to address any questions you have regarding real estate short sales.
Are short sales bargains?
From time to time, yes. Most people hear the phrase "short sale" and routinely think of a seller that is in trouble and needs to sell their house quickly to prevent further financial problems. This is sometimes the case and can be an opportunity for a buyer to make the most of 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 depreciated. In these cases the discounted price may in fact be consistent with true market values instead of below.
What's involved in buying a short sale?
If you're ready to buy, whether it be a short sale or a typical home sale,
Excel Funding Real Estate Services, Inc. can help. Apply my experience and knowledge of real estate to be confident that you are getting a fair deal and will be protected during the full purchase transaction.