Want 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. For more information, you can contact me
through my site or e-mail me
. I'm happy to answer any questions you have regarding real estate short sales.
Can I get a good deal on a short sale?
Sometimes. Most people hear the phrase "short sale" and routinely think of a seller that is in financial trouble and must sell their property fast to prevent further financial problems. This is at times the case and can be an opportunity for a buyer to do well from another's misfortune. On the other hand, a lender may consider a short sale even if the seller isn't delinquent with their payments, but property values have depreciated. In cases such as these the reduced price may in fact be closer to current market values rather than below.
What's involved in buying a short sale?
If you're ready to buy, whether it's a short sale or a typical home sale,
Excel Funding Real Estate Services, Inc. is here to help. Utilize my experience and knowledge of real estate to be certain that you're getting a fair deal and protect yourself during the entire deal.