Looking 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. Should you have questions about real estate in Rancho Palos Verdes, California, contact me here or e-mail me
Are short sales good deals?
Occasionally. Often times people hear the phrase "short sale" and instinctively think of a seller that is in financial trouble and needing to sell their property fast to avoid further financial problems. This is sometimes the case and can be an opportunity for a buyer to cash in on another's misfortune. More commonly, a lender may consider a short sale even if the seller isn't delinquent with their payments, but property values have depreciated. In these cases the discounted price may in fact be consistent with true market values, not below.
Are you ready to buy a short sale property?
If you're ready to buy, whether it be 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 certain that you're getting a fair deal and protect yourself during the entire purchase transaction.