Ready to buy 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 good deal on a short sale?
Every now and then a good deal will come along. Many people hear the words "short sale" and routinely think of a seller that is in default and needs to sell their house promptly to prevent further financial problems. This is occasionally the case and can be an opportunity for a buyer to make the most of another's misfortune. In contrast, a lender may consider a short sale even if the seller is current, but property values have declined. In these instances the "bargain" price may in fact be in line with actual market values instead of below.
Are you ready to buy a short sale property?
When 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 certain you are getting a fair deal and will be protected during the whole transaction.