Want to make a deal on 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.
Are short sales bargains?
From time to time, yes. Most people hear the words "short sale" and instinctively think of a seller that is insolvent and must sell their property promptly to prevent further financial problems. This is sometimes the case and can be an opportunity for a buyer to cash in on another's misfortune. Alternatively, a lender may consider a short sale even if the seller is current with their mortgage, but property values have depreciated. In these instances the reduced price may in fact be in line with current market values rather than below.
How do I buy a short sale?
When it's time to buy, whether it be a short sale or a typical home sale,
Blue to Green Realty is available for you. Use my experience and knowledge of real estate to feel confident that you're getting a fair deal and protect yourself during the full matter.